Nigeria’s Paga expands into Ethiopia through acquisition of longtime partner, Apposit

NIGERIA – Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu told TechCrunch The moves come a little over a year after Paga raised a US$10 million Series B round and Oviosu announced the company’s intent to expand globally, while speaking at Disrupt San Francisco. Paga will leverage Apposit — which is U.S. incorporated but operates in Addis Ababa…

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