Aug 17, 2025
BAS Group acquires majority stake in Nigerian fintech Zuvy
BAS Group acquires a majority stake in Nigerian fintech Zuvy; founders exit to focus on YC-backed healthtech startup Avelis Health.
Zuvy was co-founded in 2023 by Angel Onuoha, a former Google product manager, and Ahmed Shehu. The startup provides invoice financing to businesses across the FMCG, healthcare, and supply chain industries. Over the past two years, Zuvy claims to have financed invoices cumulatively worth more than ₦1 billion for over 1,500 small businesses.