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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, formerly Tonaton often recognized as OLX (after it acquired OLX in 2019) is formally the largest marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal allows OLX customers in these international locations to learn from Jiji’s market-leading products and services that have been ranked number one by Nigerian Android users for purchasing. So, Jiji may have a win right here now that its major competitor has come house. “We continue to behave as a long-term investor in Africa and are excited by the distinctive opportunities, this young and dynamic continent has to offer. In the subsequent two to three years we aim to be one of the prime 10 classifieds businesses on the earth by visitors,” he stated. Jumia, the loss-making e-commerce giant is all about to IPO in New York to scale companies and hurdles on the African continent.

The platform has raised a total of $24 million in funding over 5 rounds, with the newest being a $3 million Series C round in 2020. Jiji said it'll attempt to make the transfer seamless and to provide a high-quality person expertise throughout all geographies. Honda dual sport motorcycle goes for a cool worth. Everything is working perfectly. All paperwork are available.