For all the talk about emerging markets and their similarities, moves involving African startups expanding to Latin America are rare. Only two significant activities come to mind recently: Migo’s expansion to Brazil and Paga’s planned move to Mexico, their respective second markets outside Africa.
What’s rarer, however, is the reverse — Latin American tech startups extending their footprint into Africa. That makes the news of Brazilian fintech unicorn EBANX expanding operations into Africa somewhat impressive. Last September, the payments technology company, which provided local payment
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