Arifpay Acquires Four Tech and Financial Firms to Broaden Market Reach

Arifpay, one of the leading digital payment options in Ethiopia’s financial technology sector, has announced the acquisition of four financial and technology firms as part of a aggressive strategy to broaden its market reach.

The announcement came alongside impressive growth figures, with the fintech trailblazer revealing it has facilitated a staggering 156.9 billion Birr (approximately $1 billion USD) in digital payment transactions over a four-year period spanning from 2022 to 2026.

According to a company statement sent to Capital , this massive transaction volume was driven by the processing of over 425 million digital payment orders. The milestone positions Arifpay at the absolute forefront of Ethiopia’s aggressive national shift toward a cashless economy, aligning directly with government initiatives to boost financial inclusion and modernize commercial infrastructure.

It was noted that this is contributing significantly to the government’s national journey toward building a cashless economy and ensuring financial inclusion.

The statement further indicated that Arifpay is taking strategic steps to broaden its business and technological horizons. Over the past few years, it has acquired 4 companies operating in the sector, integrating them as sister companies.

Between 2025 and 2026, the company acquired three dynamic companies:Jami, Meftehe Microfinance, and Artsplus. Although it has finalized the acquisition process for the fourth and final company, the official launch program has not yet taken place.

Currently, Arifpay is highly expanding its technological infrastructure, providing value-added digital services to its customers through its 15 different innovative solutions and product offerings.

It was emphasized that this technological transition and integration has opened a major gateway for businesses, small merchants, and consumers in the country to benefit from modern financial services without technical disparities or hassle.