MaxAB-Wasoko, Africa’s leading retail e-commerce and supply chain super app, has completed the acquisition of Fatura, an Egypt-based B2B e-marketplace, from EFG Finance, a subsidiary of EFG Holding.
As part of the deal, EFG Finance will join MaxAB-Wasoko as a significant shareholder, acquiring an equity stake and securing a seat on the company’s board.
The acquisition marks a major milestone in MaxAB-Wasoko’s strategy to consolidate the B2B commerce and fintech landscape across the continent.
Following last year’s transformative merger between MaxAB and Wasoko, which expanded their footprint into Kenya, Rwanda, Tanzania, Egypt, and Morocco, the combined entity continues to execute its vision of creating a truly regional platform delivering comprehensive, tech-enabled solutions tailored to local market needs.
“The acquisition of Fatura is more than a growth play; it’s the realization of our ambition to become the go-to, one-stop-shop for retailers throughout Africa,” said Belal El-Megharbel, CEO of MaxAB-Wasoko. “By bringing together operational strength, product depth, and innovative fintech offerings, we’re setting a new standard for retail across the region.”
With Fatura fully integrated into the platform and unified under the company’s brand, retailers will immediately benefit from a broader, more comprehensive product assortment critical in a fragmented supply chain environment where no single distributor can meet all retailer needs.
Fatura’s impressive reach, having onboarded over 626 wholesalers in 16 cities (including five new cities for MaxAB-Wasoko), ensures greater flexibility and convenience for small and medium-sized retailers.
Aladdin ElAfifi, CEO of EFG Finance, stated:
“We are thrilled to partner with MaxAB-Wasoko as they reshape the retail and supply chain sectors. Integrating Fatura will drive meaningful business growth, and our role as a significant shareholder and board member supported by EFG Holding reinforces our commitment to fostering innovation in the fintech space.”
Additionally, the company’s embedded financial services will unlock expanded credit access for purchases made by its expanding merchant network. This innovative, tech-driven approach empowers retailers with the working capital needed to stock more, sell more, and grow their businesses sustainably.
Fatura, founded in 2019 and acquired by Tanmeyah (an EFG Holding subsidiary) in 2022, brings a scalable, asset-light marketplace model that perfectly complements MaxAB-Wasoko’s robust end-to-end supply chain from procurement to last-mile delivery.
This combination unlocks access to a wider range of suppliers and products, delivering unmatched value through choice, and convenience.
The integration is expected to drive significant topline growth and operational efficiency over the next 12–18 months.
In the near term, the Fatura marketplace is projected to contribute approximately 25% of MaxAB’s Egypt revenue by year-end, with strong momentum and exponential growth anticipated as the model is rolled out across the company’s other African markets.
Since the merger of MaxAB and Wasoko, the combined entity has achieved remarkable growth across its fintech and e-commerce verticals.
The company’s fintech business has doubled in Egypt, expanded to Morocco, and now provides credit solutions that finance over 9% of e-commerce sales—underscoring strong demand from retailers for digital financial services.
Operational enhancements and improved supplier terms have further strengthened the firm’s regional supply chain capabilities, setting the stage for scalable expansion.
Together, MaxAB-Wasoko and EFG Finance are building the future of African retail, an integrated, tech-enabled ecosystem that empowers retailers, improves supply chain efficiency, and propels economic growth across the continent.
