Africa Roundup: Terragon’s Asia acquisition, Twiga Foods’ $10M raise, SimbaPay’s China payment service
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor SimbaPay launches Kenya to China payment service over WeChat Africa?s agtech wave gets $10 million richer as Twiga Foods raises more capital Nigerian�consumer data analytics firm�Terragon Group� acquired Asian [?]
- Nigerian consumer data analytics firm Terragon Group acquired Asian mobile marketing company Bizense in a cash and stock deal.
- Headquartered in Lagos, Terragon’s software services give its clients — primarily telecommunications and financial services companies — data on Africa’s growing consumer markets.
- Umeh indicated the company is contemplating further expansion in Asia and the Latin America, where Terragon already has consumer data research and development teams.
- Forging another link between Africa and China’s digital economies, the African-focused money transfer startup SimbaPay and Kenya’s Family Bank have launched an instant payment service from East Africa to China.
- Individuals and businesses can now send funds to China through Family Bank’s PesaPap app, Safaricom’s M-Pesa or by texting USSD using the code *325#.