Deal Street

African Startup Funding Tracker

$3,561,929,000+

*Data updated daily at 18:00 EAT

Nigerian Retail-tech Startup Alerzo Acquires Fintech Shago Payments
Nigerian Retail-tech Startup Alerzo Acquires Fintech Shago Payments

Alerzo, a Nigerian retail-tech startup, has acquired Shago Payments, a fintech company, to expand on its growth. With Shago’s integration into AlerzoPay, the company’s payments arm, Alerzo now provides informal retail stores with a portfolio of new digital services such as mobile airtime top-up, bill payments, and peer-to-peer transfers.

Alerzo is an all-in-one technology and services platform that transforms how Nigeria’s informal retail stores operate. Retailers can order stock, get it delivered quickly, receive and make cashless payments, and track store profitability better. Alerzo currently works with more than 150,000 informal retail stores.