Roqqu, a Nigerian cryptocurrency startup, has acquired Flitaa, a Kenya‑based crypto exchange. This marks the first-ever publicly confirmed intra‑African crypto merger and acquisition deal, offering Roqqu an entry into Kenya’s crypto market.
Key Deal Highlights
- All-cash acquisition, amount undisclosed
- Flitaa serves over 72,000 users with 560,000 monthly transactions
- Immediate access to markets in Kenya, Ghana, Uganda, Nigeria, and Tanzania
- Bypasses Kenya’s lengthy crypto licensing process through full ownership
Strategic Expansion Across Africa
The acquisition gives Roqqu a regulatory and operational shortcut into Kenya’s estimated $100 million crypto market, which has been attracting increased attention from fintech firms due to high mobile money penetration and growing digital adoption.
“This deal unlocks new markets and strengthens our infrastructure across Africa,” Roqqu’s spokesperson stated. “We believe Flitaa’s compliance and user-first model aligns with Roqqu’s vision for inclusive financial access.”
Roqqu is also one of the few African crypto startups with approval to operate in the European Union, offering cross-border digital asset services between Africa and Europe.
Why It Matters
- First intra-African crypto acquisition to go public
- Comes amid a global funding slowdown, proving Nigerian startups are finding new paths to scale
- Highlights a shift from waiting for regulation to buying into licensed ecosystems
What’s Next for Roqqu?
Roqqu plans to:
- Expand deeper into East Africa (Rwanda, Uganda, Tanzania)
- Integrate Flitaa’s technology into its broader platform
- Launch new Fiat–crypto products for remittances and savings
The move is seen as part of a broader plan to connect African economies through blockchain, bypassing outdated financial infrastructure.
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