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MFS Africa

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MFS Africa is a pan-African fintech company that develops innovative value added services for mobile wallets. The company works in close partnership with mobile network operators and financial institutions to bring simple and relevant financial services to un- and under-banked customers. MFS Africa currently connects over 170 million mobile wallet customers in sub-Saharan Africa. The MFS Hub also connects money transfer operators, banks, and merchants to mobile wallets in Africa, allowing these partners to take advantage of the growing popularity of mobile wallets as safe, convenient, compliant, and cost effective delivery channel for international remittances. For more information visit www.mfsafrica.com.

Headquarters

Cape Town, South Africa

Founded in

2010

Company Size

51-100 Employees

Sectors

Financial Services

Countries of operations

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Madagascar
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Mozambique
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Lesotho
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Malawi
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Zambia
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Tanzania
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Rwanda
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Uganda
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Kenya
Democratic Republic of Congo
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Republic of The Congo
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Gabon
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Cameroon
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Chad
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Niger
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Nigeria
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Benin
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Ghana
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Burkina Faso
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Mali
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Senegal
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Guinea
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Sierra Leone
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Liberia
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Ivory Coast
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Team

Dare Okoudjou CEO

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FUNDING ROUNDS

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MFS Africa Financial Services
Amount $70,000,000
Date Nov 10, 2021
Funding Round
Series C
investors
AfricInvest, Goodwell Investments, LUN Partners Group, CommerzVentures, Allan Gray, Endeavor Catalyst, Endeavor Harvest
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MFS Africa Financial Services
Amount $30,000,000
Date Nov 10, 2021
Funding Round
Debt Financing
investors
AfricInvest, Goodwell Investments, LUN Partners Group, CommerzVentures, Allan Gray, Endeavor Catalyst, Endeavor Harvest
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MFS Africa Financial Services
Amount $14,000,000
Date Oct 31, 2018
Funding Round
Series B
investors
LUN Partners Group, Goodwell Investments, FSD Africa, Equator Capital Partners

RECENT ARTICLES ABOUT MFS Africa

Digest Africa

CONTACT

info@digestafrica.com

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