| Date | Title | Description |
| 29.03.2023 | Payday secures $3M seed round to power the future of work for Africa | Payday, the leading Pan-African neobank issuing global (USD, EUR & GBP) accounts to Africans, has announced a $3M seed round, led by Moniepoint Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II... |
| 16.06.2022 | MFS Africa extends its Series C round to $200m | MFS Africa, the continent’s largest digital payments network, bagged an extra $100 million in equity and debt funding led by Admaius Capital Partners.
Dare Okoudjou, founder and CEO, MFS Africa
With the additional funding, the total Series ... |
| 14.06.2022 | MFS Africa raises additional equity and debt capital to take its Series C to $200M | Pan-African digital payments network, MFS Africa, has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital Partners led the new round.
Investors... |
| 14.06.2022 | Africa: MFS Africa Raises Additional Equity and Debt Capital to Take Its Series C to $200m | Pan-African digital payments network, MFS Africa, has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital Partners led the new round.
Investors... |
| 14.06.2022 | MFS AFRICA ANNOUNCES THE EXTENSION OF ITS SERIES C TO US$200 MILLION | Share this:
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| 14.06.2022 | MFS Africa extends its Series C by $100 million, bringing total to $200 million | MFS Africa is on a roll. Barely one week after the mobile payments fintech announced the acquisition of US-based Global Technology Partners, MFS Africa is announcing the close of a $100 million Series C extension. The new financing doubles ... |
| 07.06.2022 | Fintech firm MFS Africa acquires US-based GTP | In a rare acquisition of a US tech company by an African tech firm, MFS Africa, a digital payments network, has reached an agreement to buy Global Technology Partners (GTP) for an undisclosed amount.
Based in Tulsa, Oklahoma, GTP is a proce... |
| 25.05.2022 | Africa Day: Fintech firms eye continental expansion | As the continent celebrates Africa Day today, two fintech companies have made moves to spread their wings into the continent.
Africa Day is the annual commemoration of the foundation of the Organisation of African Unity on 25 May 1963. It i... |
| 01.03.2022 | Climate fintech space on radar as CommerzVentures closes €300 million fund | Frankfurt-based fintech investor CommerzVentures has closed its third fund at €300 million. As Commerzbank returned as the sole LP, the combined total fund size has reached €550 million. It will focus on early and growth-stage companies in ... |
| 06.02.2022 | African tech startup funding trebles to pass $2bn mark in 2021 | Share this:
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| 21.11.2021 | MFS Africa, an African digital payments network, has received $100 million in funding to help it expand | MFS Africa has received $100 million in equity and debt funding round to further speed its expansion efforts in Africa and around the world by adding additional talent to its teams.
MFS Africa’s most recent fundraising round was co-led by A... |
| 12.11.2021 | MFS Africa raises $100 million in Series C funding to boost digital drive | MFS Africa says it has 320 million mobile connections
Pan-African payments gateway MFS Africa has landed $100 million in a Series C funding round led by AfricInvest Five, Goodwell Investments, and LUN Partners.
Among a handful of new invest... |
| 11.11.2021 | African Fintech, MFS Africa Raises $100 Million in Series C | MFS Africa, Africa’s largest digital payments network, has raised US$100 million through an equity and debt financing round. The fundraising marks another milestone in MFS Africa’s expansion, following a series of acquisitions and investmen... |
| 10.11.2021 | MFS Africa raises $100m to continue expanding its digital payments network | MFS Africa, Africa’s largest digital payments network, has raised a $100 million Series C funding, an investment divided into two commitments: $70 million for equity and $30 million for debt financing.
The investment was co-led by AfricInve... |
| 10.11.2021 | African startup MFS Africa raises USD 100 million in series C round | - |
| 10.11.2021 | MFS Africa collects $100M to expand its digital payments gateway across the region | Investor interest in African fintech continues to grab headlines with large fundraises. Today, Africa’s largest digital payments network MFS Africa joins the fray.
The company confirmed to TechCrunch that it has raised $100 million in Serie... |
| 10.11.2021 | MFS Africa raises $100M Series C for fintech expansion across Africa | Share this:
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| 25.10.2021 | Perspectives on early stage venture capital in Africa | In 2020, tech startups in Africa raised over $1.5 billion in 400+ funding rounds, with a further $1 billion in M&A activity. Although the amount of capital deployed was down -30% compared to 2019, due to ticket sizes being slashed as Af... |
| 26.08.2021 | Pan-African fintech startup, pawaPay, raises $9 million seed for expansion and talent recruitment | Share this article:
Today, Monday, August 26, 2021, Africa-focused fintech company, pawaPay announced the raise of $9 million in seed financing to strengthen its mobile money payment solutions team, scale operations, and foray into new mark... |
| 11.08.2021 | Perspectives on early stage venture capital in Africa | In 2020, tech startups in Africa raised over $1.5 billion in 400+ funding rounds, with a further $1 billion in M&A activity. Although the amount of capital deployed was down -30% compared to 2019, due to ticket sizes being slashed as Af... |
| 02.07.2021 | Africa’s fintech sector grows and matures as investments skyrocket | Share this:
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| 08.06.2021 | MFS Africa and and Global Technology Partners announce partnership | Share this:
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| 11.05.2021 | Maviance raises $3m from MFS Africa to digitize financial services across Central Africa | Maviance, a Cameroon-based company providing digital financial services like agency banking and bulk bill payments, has raised $3 million (€2.5 million) in equity financing.
The investment is solely from MFS Africa, the cross-border fintech... |
| 11.05.2021 | Cameroon based fintech Maviance PLC closes Seed round led by MFS Africa | Share this:
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| 11.05.2021 | Cameroon’s Maviance to digitise payments across central Africa with $3 million funding | Share this article:
Digital finance provider, Maviance, has raised $3 million to extend its services across Central Africa. The Cameroon-based company provides local, cross-border, and mobile payment solutions.
Per recent reports, the $3 mi... |
| 03.04.2021 | MFS Africa now reaches over 320 million mobile money wallets in Africa | Share this:
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| 31.03.2021 | MFS Africa reaches over 320 million mobile money wallets, covers 60% of the sub-Saharan Africa | Based on the 2021 State of the Industry report on Mobile Money released by the GSMA, this means that the company covers 60% of all mobile money wallets in sub-Saharan Africa.
The MFS Africa partnership with Xoom, a PayPal service, which con... |
| 10.12.2020 | The BackEnd: MFS Africa is building Africa’s largest money transfer network | The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the p... |
| 25.11.2020 | MTN’s Mobile Money Transactions Value Reaches R926-Billion | wp_booster error:
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| 25.11.2020 | MTN’s Mobile Money Transactions Value Reaches R926-Billion | wp_booster error:
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| 25.11.2020 | MTN’s Mobile Money Transactions Value Reaches R926-Billion | wp_booster error:
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| 30.06.2020 | Fintech MFS Africa acquires digital payments provider Beyonic | Johannesburg-based fintech firm MFS Africa announced today that it has acquired Beyonic, a digital payments management provider of business services for SMEs, fintechs, and social impact entities across Africa.
MFS Africa – which claims to... |
| 30.06.2020 | Fintech MFS Africa acquires digital payments provider Beyonic | Johannesburg-based fintech firm MFS Africa announced today that it has acquired Beyonic, a digital payments management provider of business services for SMEs, fintechs, and social impact entities across Africa.
MFS Africa – which claims to ... |
| 27.05.2020 | SA insurtech Inclusivity Solutions nets $1.3m in second tranche of Series-A round [Updated] | Cape Town based insurtech startup Inclusivity Solutions has secured a $1.3-million investment in the second tranche of its Series-A round, the startup announced in a statement today.
Inclusivity Solutions, which was founded in 2015 by CEO ... |
| 27.05.2020 | SA insurtech Inclusivity Solutions nets $1.3m in second tranche of Series-A round [Updated] | Cape Town based insurtech startup Inclusivity Solutions has secured a $1.3-million investment in the second tranche of its Series-A round, the startup announced in a statement today.
Inclusivity Solutions, which was founded in 2015 by CEO J... |
| 11.03.2020 | MTN’s MoMo Transactions Value Reaches R1.5-Trillion | MTN Homeland
The latest data released today by MTN shows that the number of active Mobile Money (MoMo) users increased by 7,5 million to a total of 35 million, generating a monthly ARPU of $1,15 in the year to end-December 2019.
“The value ... |
| 11.03.2020 | MTN’s MoMo Transactions Value Reaches R1.5-Trillion | MTN Homeland |
| 21.01.2020 | Fintech MFS Africa lands $1.2m follow-on investment | Johannesburg-based fintech firm MFS Africa has landed a further $1.2-million as a follow-on investment, from Nairobi-based FSD Africa Investments.
FSD Africa Investments, which is the investment arm of the UK government-funded specialist de... |
| 21.01.2020 | Fintech MFS Africa lands $1.2m follow-on investment | Johannesburg-based fintech firm MFS Africa has landed a further $1.2-million as a follow-on investment, from Nairobi-based FSD Africa Investments.
FSD Africa Investments, which is the investment arm of the UK government-funded specialist d... |
| 18.12.2019 | Vodacom Tanzania partners WorldRemit to enable international mobile money remittance into Tanzania | Share this article:
Vodacom Tanzania — a leading cellular network company — has partnered with WorldRemit — an online money transfer service — to enable M-Pesa’s mobile phone-based microfinance service customers to receive money sent from a... |
| 05.12.2019 | MTN Launches MTN Homeland Its Mobile Remittance Application | MTN has launched a mobile remittance application dubbed MTN Homeland. The application will enable Africans living in European countries to transfer funds or airtime to their home country in Africa and the Middle East.
The move into fintech ... |
| 30.11.2019 | MTN Introduces Mobile Money Diaspora Service, MTN Homeland | wp_booster error:
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| 24.07.2019 | Third annual Africa Fintech Unconference to be held in September in Uganda | African fintech companies Nomanini, MFS Africa, and Tugende has announced that it will host the third annual Africa Fintech Unconference (AFU19) on the shores of Lake Victoria in Uganda, between 10 and 12 September.
In a statement last wee... |
| 24.07.2019 | Third annual Africa Fintech Unconference to be held in September in Uganda | African fintech companies Nomanini, MFS Africa, and Tugende has announced that it will host the third annual Africa Fintech Unconference (AFU19) on the shores of Lake Victoria in Uganda, between 10 and 12 September.
In a statement last week... |
| 30.12.2018 | African Fintech is still the preferred sector for global VCs to invest in | Share this:
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| 31.10.2018 | MFS Africa secures follow-on funding, bringing Series-B round to $14m | Johannesburg-based fintech company MFS Africa has closed a Series-B funding round led by China-based VC firm LUN Partners Group.
The raise is an extension round to a $4.5-million round the company closed earlier this year, and brings the to... |
| 31.10.2018 | MFS Africa secures follow-on funding, bringing Series-B round to $14m | Johannesburg-based fintech company MFS Africa has closed a Series-B funding round led by China-based VC firm LUN Partners Group.
The raise is an extension round to a $4.5-million round the company closed earlier this year, and brings the t... |
| 21.09.2018 | Financial inclusion never something you can declare victory over – Tugende CEO | Over the past decade the progress made within financial inclusion has emerged as one of Africa’s great success stories.
According to the World Bank Global Findex survey, released in April, the percentage of Africans with access to banking p... |
| 21.09.2018 | Financial inclusion never something you can declare victory over – Tugende CEO | Over the past decade the progress made within financial inclusion has emerged as one of Africa’s great success stories.
According to the World Bank Global Findex survey, released in April, the percentage of Africans with access to banking ... |
| 05.09.2018 | Goodwell launches new Africa-focused €20m fund aimed at inclusive economy | Dutch impact investor Goodwell Investments has announced that it has launched Goodwell IV, a €20-million fund for investments in the inclusive economy in Sub-Saharan Africa.
In a statement today (5 September), the impact investor said the ... |
| 05.09.2018 | Goodwell launches new Africa-focused €20m fund aimed at inclusive economy | Dutch impact investor Goodwell Investments has announced that it has launched Goodwell IV, a €20-million fund for investments in the inclusive economy in Sub-Saharan Africa.
In a statement today (5 September), the impact investor said the l... |
| 06.08.2018 | ‘African Fintech Unconference 2018 to provide platform for discussion’ [Updated] | The second annual African Fintech Unconference (AFU18) — set to take place next month — will provide an important platform for discussion and information sharing — Vahid Monadjem, the CEO of fintech company Nomanini said today.
The confere... |
| 06.08.2018 | ‘African Fintech Unconference 2018 to provide platform for discussion’ [Updated] | The second annual African Fintech Unconference (AFU18) — set to take place next month — will provide an important platform for discussion and information sharing — Vahid Monadjem, the CEO of fintech company Nomanini said today.
The conferen... |
| 30.04.2018 | How MFS Africa made history for African fintechs with $4.5m Chinese-led deal | Johannesburg-based company MFS Africa made history earlier this month when it became one of the first African fintechs to secure funding from a Chinese-based venture capital (VC) firm.
This, after a China-based VC firm LUN Partners Group le... |
| 30.04.2018 | How MFS Africa made history for African fintechs with $4.5m Chinese-led deal | Johannesburg-based company MFS Africa made history earlier this month when it became one of the first African fintechs to secure funding from a Chinese-based venture capital (VC) firm.
This, after a China-based VC firm LUN Partners Group l... |
| 18.04.2018 | China’s VC firm LUN Partners leads $4.5m Series B in fintech firm MFS Africa | Premium
LUN Partners Group, a Chinese venture capital firm that primarily invests in overseas firms, has led a $4.5-million Series B funding round in pan-African fintech firm MFS Africa.
Continue reading this story with a subscription to De... |
| 18.04.2018 | MFS Africa becomes first African FinTech funded by a China-based VC in $4.5M Series B round led by LUN Partners Group | MFS Africa will work with LUN Partners Group to boost financial inclusion in countries targeted by China’s ‘Belt and Road’ initiative
Port Louis, Mauritius – 18th April 2018 - MFS Africa, a leading Pan-African FinTech company, today announc... |
| 18.04.2018 | MFS Africa Raises $4.5m in Series B Funding | MFS Africa, a Pan-African fintech company, raised $4.5m in Series B funding.
The round was led by LUN Partners Group, with participation from Goodwell Investments, as well as several angel investors.
The company intends to use the funds to ... |
| 08.06.2017 | Nigeria’s Paga, MFS Africa in cross-border remittance partnership | Nigeria’s leading mobile payments company, Paga is following up its recent cross-border remittance partnership with TerraPay and MoneyTrans with another one with MFS Africa.
The partnership with MFS Africa, a leading Pan-African fintech com... |
| 22.11.2016 | MFS Africa connects 120 million mobile wallets in Sub-Saharan Africa | Largest network on the continent allows merchants, banks and mobile operators to scale transactions cross-border, cross-currency and cross-network
Johannesburg, South Africa, November 22nd 2016 – MFS Africa, the leading Pan-African fintech ... |
| 09.12.2015 | Стартапы в Африке — специфика рынка, проблемы и потребности пользователей | Роман Чигирев, PR-менеджер компании-разработчика «Студия Михаила Кечинова», написал для vc.ru обзор особенностей «черного континента», которые нужно знать, прежде чем создавать технологический стартап для африканских стран.
Две главные черт... |
| 24.04.2014 | MFS Africa Launches MJara Loans, a Mobile Money Loaning Service for the Ghanaian Market | MFS Africa is a pan-African mobile solutions startup focused on offering financial services to its users – ranging from life insurance, international money transfers, savings, credits to payments – in a collaborative effort with local MNOs ... |
| 22.01.2013 | Orange Mali et MFS Africa lancent le Transfert d'Argent International vers le Mali | Orange Mali et MFS Africa lancent le service Orange Money Transfert International aux utilisateurs Orange Money au Mali
Bamako, Mali Le 22 janvier 2013 - Orange Mali et MFS Africa ont annoncé aujourd'hui le lancement du service de transfert... |
| 22.01.2013 | Orange and MFS Africa launch international money transfer to Mali | Orange and MFS Africa extend the remittance service Orange Money Transfert International to Orange Money users in Mali
Bamako, Mali 22 January 2013 – Orange and MFS Africa today announced the addition of Mali to the growing portfolio of cou... |
| 26.07.2012 | Orange Money And MFS Africa Launch International Money Transfer To Madagascar | Orange Madagascar and MFS Africa launch Orange Money Transfert International– a new remittance offering to Orange Money users in Madagascar.
Antananarivo, Madagascar, 26 July, 2012 – Orange Madagascar and MFS Africa today announced the laun... |
| - | CommerzVentures announces closing of €300m third fund | CommerzVentures’ third €300m fund brings total funds managed to €550m for the fintech specialist
One of Europe’s foremost performing VCs, 30% of CommerzVentures’ first fund investments have turned into unicorns, with 15% going onto become ... |
| - | MFS Africa’s takeover of GTP – a milestone for African tech | In a rare and exciting acquisition of a US tech company by an Africa-based firm, digital payments network MFS Africa announced this month that it will acquire Oklahoma-based Global Technology Partners (GTP), a processor of prepaid cards in ... |
| - | Climate fintech space on radar as CommerzVentures closes €300 million fund | Frankfurt-based fintech investor CommerzVentures has closed its third fund at €300 million. As Commerzbank returned as the sole LP, the combined total fund size has reached €550 million. It will focus on early and growth-stage companies in ... |
| - | MTN Launches MTN Homeland Its Mobile Remittance Application | MTN has launched a mobile remittance application dubbed MTN Homeland. The application will enable Africans living in European countries to transfer funds or airtime to their home country in Africa and the Middle East.
The move into fintech ... |
| - | MFS Africa, an African digital payments network, has received $100 million in funding to help it expand | MFS Africa has received $100 million in equity and debt funding round to further speed its expansion efforts in Africa and around the world by adding additional talent to its teams.
MFS Africa’s most recent fundraising round was co-led by A... |
| - | Nigeria’s Paga, MFS Africa in cross-border remittance partnership | Nigeria’s leading mobile payments company, Paga is following up its recent cross-border remittance partnership with TerraPay and MoneyTrans with another one with MFS Africa.
The partnership with MFS Africa, a leading Pan-African fintech com... |
