Money transfer group Mukuru acquires fintech Zoona’s assets in Malawi

On 5 May, African based international money operator and remittance, Mukuru, confirmed their purchase of Zoona’s operational and technological assets in Malawi. Zoona is an African based fintech company that helps entrepreneurs bring reliable financial services to underserved communities in Malawi and elsewhere.

Mukuru CEO, Andy Jury, said that the acquisition will widen Mukuru’s African footprint into urban and rural areas in Malawi, giving citizens better and safer means of sending money to loved ones.

Agents will benefit from being part of the Southern African Development Community (SADC); increasing their regional exposure and eventually increasing their earnings.