Bitmama recently acquired Payday!!

Bitmama: Founded by Ruth Iselema, Bitmama started as a platform for buying and selling cryptocurrency. They've since expanded to offer remittance services, allowing users to send and receive money internationally.
Payday: Launched in 2021 by Favour Ori, Payday provided virtual cards in euros, dollars, and pounds, making international payments easier for Africans. They recently secured $3 million in funding but were looking for new directions.

Why the Acquisition?

This deal is all about combining strengths. Bitmama wants to grow its remittance business, Changera. By acquiring Payday, they gain:

A larger user base: Payday boasts over 700,000 users, a significant boost for Bitmama.
Ready-made infrastructure: They don't need to build their virtual card system from scratch, saving time and resources.

Benefits for Users?

Payday users: They might gain access to Bitmama's cryptocurrency exchange and remittance services.
Bitmama users: They could enjoy the convenience of Payday's virtual cards for international payments.

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