BAS Group targets Nigeria’s $236 billion credit gap with Zuvy acquisition

BAS Group, a Nigerian investment company that controls businesses in healthcare, micro-insurance, and finance, has acquired a majority stake in Zuvy Technologies, a Lagos-based startup that provides short-term financing to small businesses through invoice discounting. The value of the all-cash deal was not disclosed, but BAS now owns more than 50% of the company and has assumed operational…