CapitalSage Vantage Limited, a subsidiary of the multinational CapitalSage Holdings group, has agreed to acquire Chi Technologies Inc. and its subsidiaries, after the fintech wound down one month ago.
The deal marks a swift reversal for Chimoney, which was already going under after struggling with distribution and liquidity challenges despite building a solid payment infrastructure.
With the newly proposed merger, Chimoney will become CapitalSage’s first payment entity in Canada.
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CapitalSage Holdings operates across the United Kingdom, UAE, Nigeria, Kenya, The Gambia, and other markets, with businesses spanning fintech, agribusiness, manufacturing, and healthcare. The group was founded by John A. Alamu, who started it in 2014 as a microlending operation with N100,000 (roughly $60 at the time) and grew it into a cross-continent conglomerate.
Group CEO Abiola Bawuah brings more than 25 years of African banking experience, including as
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