Alepay, dismisses ownership rumours, reveals strategic African market expansion initiatives

Alepay, a prominent Nigerian fintech company, has addressed the rumours circulating concerning the ownership of the company by Chief Executive Officer of Almubee Group, Alhaji Musa Mubarak.

In a statement by Alepay’s Head of Corporate Communications, Dr. Favour Rutto, the company clarified that Mubarak is a partner and consultant for their African market expansion plans, refuting claims of ownership.

Rutto said: “The ongoing rumour implying Alhaji Musa Mubarak’s ownership of Alepay is inaccurate. He is a valued partner among others we are engaging for our African market expansion. As a young company venturing into the African market, we recognise the importance of collaborating with vibrant African entrepreneurs for strategic consultations and partnerships, which is the primary reason for our engagement.”

Emphasizing their commitment to growth and collaboration, Alepay revealed their ongoing partnerships with various young entrepreneurs across Africa. The company is actively exploring opportunities to onboard exciting products while fostering relationships with emerging business leaders on the continent.

Alepay, established with a mission to transform the financial landscape in Africa, is revolutionising corporate finance management for businesses of all sizes through its innovative approach towards financial technology solutions.

In other news, the emerging fintech company announced a successful $2 million fundraise last week, with leading China-based venture capital firms Meituan and 3W Capital taking the lead in the investment.

With a clear vision for expansion and a focus on innovation, Alepay continues to make strides in the fintech industry, positioning itself as a key player in the African financial technology sector.