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BitMama in Talks to Acquire Payday in a Million-Dollar Deal 🤝🏽

BitMama in Talks to Acquire Payday in a Million-Dollar Deal 🤝🏽

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#fintech
Nigerian crypto exchange startup BitMama is in discussions to acquire Payday, a once-prominent fintech, offering investors $1 million in equity at a $30 million valuation. The potential deal comes after months of negotiations and aligns with BitMama's expansion into global services, including remittance through its Changera platform.

BitMama, led by CEO Ruth Iselema, is in talks to acquire Payday, the fintech previously backed by Moniepoint. The Nigerian crypto exchange is offering Payday investors $1 million in equity at a $30 million valuation. If successful, BitMama will take on Payday's customer deposits and liabilities, providing an efficient entry into the remittance space with its Changera service. The deal represents a strategic move for both parties, leveraging BitMama's crypto expertise and Payday's existing customer base. The acquisition is still in progress, promising increased efficiency and a robust team if finalized.


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