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July 4, 2022
Finance Technologies

UAE’s Network International to buy Nairobi fintech DPO Group

Network International, a Dubai-based payments giant, has raised $288 million to acquire Direct Pay Online (DPO) Group, a Nairobi-based fintech. DPO will continue to operate under the same brand, and its executives will own stock in Network as part of the transaction. DPO is the largest online commerce platform operating across Africa After decades of focusing its efforts on the Middle East, the payments giant has decided to expand its presence and operations in Africa. What does DPO Group do? Founded in 2006, DPO Group provides payments services to nearly 50,000 merchants which span 19 African countries. According to Crunchbase,…
UAE’s Network International to buy Nairobi fintech DPO Group

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