PayLater’s parent OneFi acquires Nigerian fintech startup Amplify

NIGERIA – One Finance Limited [OneFi], the parent company of online lending platform, PayLater has acquired Nigerian payments solution Amplify for an undisclosed amount. OneFi will take over Amplify’s IP, team, and client network of over 1000 merchants to which Amplify provides payment processing services. It will also take over Amplify’s assets, trademark and flagship products, AmplifyPay and mTransfers to its growing portfolio. The move comes barely two weeks after OneFi raised US$5 million in debt funding led by UK based peer-to-peer lending platform Lendable. The deal further boosts its…

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