African fintech company, Helicarrier has officially announced that it has today completed the signing of definitive agreements to acquire a significant equity interest in Accrue.
As a result of the agreement, Buycoins Basic will be transitioning into Accrue effective immediately.
The company’s CEO Timi Ajiboye in his statement expressed the fintech’s drive to effectively enhance the creation of wealth in Africa for Africans. He noted that the acquisition would further help take the wealth-creating experience to the company’s 100k+ users.
He said:
“Embarking on this partnership underscores our dedication to democratising wealth building on the continent. Accrue has built the perfect wealth building tool for the internet powered African & we’re excited to bring that experience to 100k+ Buycoins users”
Timi Ajiboye, CEO Helicarrier.
Read also: Venture capital investment in Africa will hit $7bn by the end of 2022- Report
Helicarrier and Accrue’s partnership
Helicarrier and Accrue have a long history together. The company was the very first investor in Accrue which was founded by ex-Helicarrier teammates. The mission to help Africans build wealth by leveraging transformational digital currency technology is a shared driving force for both companies.
In confirmation of the longstanding partnership and latest acquisition between both companies, Accrue’s co-founder, Clinton Mbah commented that the partnership was more of a transfer of the goodwill of the latter to its brand.
He said:
Everything you love about Helicarrier culture and its products — ease of use, timely customer support, fantastic product sense, execution speed, technical chops, and tenacity in the face of adversity, are tenets we brought over to Accrue. We’re committed to these tenets forever.
Clinton Mbah, Co-founder Accrue
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