Top 10 acquisitions in 2025

A curated analysis of the 10 most impactful acquisitions of 2025 across African fintech, mobility, proptech, telecoms, and software markets.

Stitch buys Efficacy to take full control of card payments in South Africa

Stitch now runs the full card stack—gateway, switch, and acquirer—after buying Efficacy Payments.

ImaliPay raises $3m to offer financial services to underserved gig workers across Africa

The new funds injection will go into expanding its 50-man team, boosting its technology and exploring new markets like Ghana and Egypt.