BLOC, Nigeria’s full-service fintech and banking service infrastructure provider, announces its acquisition of Getwallets, the wallets-as-a-service provider that has now recently pivoted to become a payments orchestration company, Orchestrate. The strategic acquisition will enable Bloc to focus its core product strategy on delivering seamless BaaS & banking services while Orchestrate leads its FinTech Infrastructure with its proprietary payments orchestration API. Bloc’s 100 per cent acquisition of Getwallets is a combined cash and equities deal with the revamped newcomer to the Bloc family remaining a standalone entity still led by CEO & founder, Jerry Enebeli. The company also recently launched its SuperAgency tool which allows licensed companies to offer agency banking services. Bloc and Orchestrate want to simplify FinTech infrastructure for these businesses to enable faster, seamless service for their customers and ultimately empower growth in the ecosystem.

Source: Nigerian Tribune July 18, 2022 10:44 UTC