FUNDINGUpdated 1 months ago

Wasoko (formerly Sokowatch)

Wasoko: pan-African B2B operator. Tiger Global led USD 125M Series B March 2022 at USD 625M valuation. Merged with MaxAB late 2024. BNPL costs ~2% premium over cash, Sharia-compliant.

English, French, Portuguese or Arabic, machine translated, with the original kept beside it.
Key Information
Organisation
Wasoko / MaxAB-Wasoko
Location
East Africa, North Africa
Status
Open
Application Deadline
Rolling
Type
BNPL
Amount
USD 50 to 5,000
Size
small
Language
English
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Description

Wasoko (formerly Sokowatch) is a pan-African B2B e-commerce operator that received a USD 125 million Series B led by Tiger Global in March 2022 at a USD 625 million valuation. In late 2024, Wasoko announced a merger with MaxAB to combine the largest East African and North African B2B platforms into a single entity. Wasokos BNPL inventory credit option is structured to cost retailers approximately 2% more than cash payments on average and is Sharia-compliant. The model doubles average order value without increasing customer acquisition costs. The merged MaxAB-Wasoko entity has wound down its Moroccan online marketplace to focus on financial services.

Focus Sectors

B2B, BNPL, Inventory Credit, FMCG