Global acquisitions: The art of it all and how startups can position to benefit
In 2020 Beyonic, a home-grown Ugandan startup providing digital payments solutions in five countries was acquired by MFS Africa, the largest digital payments hub in Africa. In a young entrepreneurial ecosystem like Uganda where many startups are fast strapped for cash, and where the failure rate is high, an acquisition of a business like Beyonic which was founded in 2013 and dominated well on the East African market raises questions on what such an acquisition means. Did the acquisition […]
