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Ugandan fintech Asaak acquires FlexClub’s Mexican Business in Mexican expansion

Asaak joins Nigeria’s Paga as one of the few African tech companies to expand to Latin America. Founded in 2016, Asaak offered motorcycle and smartphone loans to Ugandans individually and through partners like SafeBoda. It has now acquired FlexClub on “friendly terms” as it pursues a growth strategy outside Uganda (and Africa). After becoming profitable…

The post Ugandan fintech Asaak acquires FlexClub’s Mexican Business in Mexican expansion appeared first on Content Krush.

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