Kenya 
How to Evaluate an African Fintech Acquisition Target as a Traditional Bank
South Africa
Financial Services
African banks that want to acquire fintech capability face a specific set of diligence challenges that standard M&A playbooks do not cover. Regulatory integration, technology debt, customer retention through ownership change, and founder lock-in are all harder than they look. This guide walks traditional bank corporate development teams through how to evaluate an African fintech acquisition target in a way that gives the deal a realistic chance of creating value after closing.
African banks have been increasingly active acquirers of fintech operators over the last three years. Nedbank acquired iKhokha. Lesaka Technologies acquired Adumo and later Bank Zero. Stanbic IBTC has integrated several smaller Nigerian fintechs. Stitch acquired ExiPay and Efficacy Payments. The pattern is clear: when...
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