MFS Africa Acquires Nigerian Fintech Startup Baxi

MFS Africa, a pan-African payments company, has acquired Baxi, one of Nigeria’s largest super-agent networks, to enable its growth into the country.  MFS Africa will also expand Baxi’s proposition for offline SMEs to select markets within MFS Africa’s footprint.

Baxi provides a cash-in/cash-out offering as well as value-added services account opening, money transfer, bill payment, and more to the last mile through its network of more than 90,000 agents.