Revolut plans strategic launch in Morocco under new leadership
Revolut appointed Amine Berrada to lead its Moroccan strategy, marking its first significant executive hire in the region. The fintech giant plans to start operations in Morocco with payments and FX services, including remittances and cross-border transfers.
FairMoney Nearing Agreement to Acquire Umba for $20 Million in Stock-Based Transaction, According to Insiders
FairMoney is in talks to acquire Umba, a digital bank focused on credit services in Nigeria and Kenya, for a $20 million all-stock transaction. This acquisition demonstrates FairMoney's desire to enter new markets, with a particular focus on Kenya.
