Nigerian Fintech Startup Bloc Acquires Payments Company Orchestrate

Nigerian full-service fintech and Banking-as-a-Service (BaaS) infrastructure provider Bloc has announced its acquisition of Getwallets, the wallets-as-a-service provider that has now recently pivoted to become a payments orchestration company, Orchestrate. The deal is a combined cash and equities deal, with Orchestrate remaining a standalone entity led by its CEO.

Bloc is a fintech infrastructure company that helps any company offer fintech solutions to their customers via an exhaustive set of building blocks, infrastructure, licenses, compliance, and capital, that allows them to increase their value to their stakeholders, be they customers, investors, or employees. The strategic acquisition of Orchestrate will enable Bloc to focus its core product strategy on delivering seamless BaaS and banking services while Orchestrate leads its fintech infrastructure with its proprietary payments orchestration API.