Creditchek buys Ugandan core banking startup Algosys
Creditchek, a fintech infrastructure provider focused on credit decision tech in Africa, has acquired Algosys, a Ugandan startup specializing in core banking software for lenders. The deal aims to support Creditchek’s push into East Africa without disclosing terms.
Sources: techcabal.com
“The acquisition signals growing consolidation in Africa’s fintech infrastructure space as players seek regional scale to serve fragmented markets.”
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