Abci-Nexus Spins Out Software Arm ‘Asopo’ to Power African Asset Financing
Abci-Nexus, a technology-enabled holding company, has announced the launch of Asopo Technologies, a new standalone software company designed to commercialize its proprietary operating system, Pulse.
The move marks a significant restructuring for the group, which also includes Bboxx, the well-known retail and consumer credit provider. Under the new architecture, Bboxx will continue to focus on serving aspiring urban and rural customers with essential products, such as clean energy, smartphones, and e-mobility, while Asopo Technologies will pivot to selling the underlying software infrastructure to new partners across the continent.
Anthony Osijo, Group CEO of Abci-Nexus, explained that the restructuring allows each entity to play to its specific strengths.
“This marks a new beginning for the company. This structure allows each part of the group to focus on what it does best,” said Osijo. “Abci-Nexus will concentrate on capital, partnerships and governance; Bboxx on delivering reliable products, great service, and meaningful impact for households, businesses, and communities; and Asopo Technologies on building world-class scalable software.”
Asopo, derived from the Yoruba word for “connection,” aims to become a leading B2B SaaS platform for asset-financed products in growth markets. Its core product, Pulse, integrates mobile money, device tracking, and credit operations into a single AI-powered platform.
Christopher Baker-Brian, Co-founder of Bboxx and now Managing Director of Asopo Technologies, noted that the software has already been battle-tested over the last decade.
“Pulse has always been the digital backbone powering Bboxx’s growth for more than a decade, enabling us to build and scale distributed, asset-financed businesses in some of the world’s most complex markets,” said Baker-Brian. “By spinning it out under Asopo Technologies, we can offer the same infrastructure to other companies. Our goal is to make building and scaling asset-financed businesses in emerging markets dramatically easier, across Africa and beyond.”
Representatives from the shareholder consortium, which includes the Private Infrastructure Development Group (PIDG), voiced strong support for the strategic pivot.
“The new architecture provides the clarity, focus, and operational discipline needed to unlock the full potential of Bboxx, Asopo Technologies and the wider portfolio,” the consortium stated.
The group currently impacts over six million people across seven markets and employs more than 3,000 staff. Pulse is already processing millions of transactions monthly, positioning Asopo to rapidly expand its footprint beyond the Bboxx ecosystem.
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