TRANSTURA, Nigeria’s leading e-hailing and shared-mobility provider, has announced the purchase of WazoMoney, a fintech startup that offers simplified payment solutions, in order to develop a marketplace and payment solutions to meet Nigerians’ general transportation needs.
Vincent Adeoba, Transtura’s Chief Executive Officer, stated that the company’s commitment to driving distinctive digital solutions throughout the country’s financial and transportation ecosystems will reinforced by the successful acquisition of WazoMoney.
Philips Olajide, Transtura’s Chief Transformation Officer, stated that the recent acquisition would revamp the operations of both the financial and transportation sectors across the country.
“For us at Transtura, we truly acknowledge the fact that Nigeria serves as a home of enormous opportunities designed to support ground-breaking technological solutions. This is because these innovations play an integral role in solving peculiar challenges which impact the country’s socio-economic standing, he said.
“It is on this backdrop we, as a brand, seek to create unique solutions that address the myriads of problems plaguing the nation’s public transport sector with a special focus on marketplace, digital payments, intracity and intercity commuting,” he concluded.
