Uganda’s Asaak acquires FlexClub Mexico, Expands Into Latin America

Asaak, a Ugandan fintech company, has acquired FlexClub Mexico, expanding operations across two continents in a move that marks Asaak’s entry into the Latin American market and signifies its commitment to transforming financing for mobility workers around the world.

The acquisition of FlexClub Mexico by Asaak represents a strategic long-term investment and significant leap forward in proliferating affordable financing across emerging markets. The transaction enables Asaak to build on its innovative credit ecosystem, collaborating with FlexClub Mexico’s expert team to create financial solutions tailored for the Latin American region. FlexClub will also continue to prioritize its work with car rental and leasing companies in South Africa to catalyze vehicle subscriptions in the country.