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MFS Africa

Gauteng, South Africa 🇿🇦

FinTech
📧 info@mfsafrica.com 📞 No Phone No Website

Cross-border, cross-currency, cross-network payments.

Total Funding

130M USD

View All MFS Africa Fundings

Investor Count

9

View All MFS Africa Investors

Employee Range

51-100

View All MFS Africa Employees

Year Founded

2009

View MFS Africa Founders
About MFS Africa

MFS Africa is the best gateway to send money to mobile wallets in Africa. 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.

FinTech
SHA Score92
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Dare Okoudjou

CEO

Gauteng, South Africa 🇿🇦

Active
Profile Chat Contact
Technologies In Use
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Website Info
Paris
France
+85%
Amsterdam
Netherlands
+75%
Venice
Italy
+62%
Barcelona
Spain
+24%
Sydney
Australia
+20%

Total Amount Raised

$130M +5.5%

Total Funding Rounds

3.00

Investor Count

9

Latest Round

Debt Financing
Funding Breakdown For MFS Africa View all
Round Date Announced Amount Raised
#1 Series C 14th June 2022 100,000,000
#2 Debt Financing 14th June 2022 0
#3 Debt Financing 10th November 2021 30,000,000
Startup Logo
Enterprise Group

Financial Services

Accra, Ghana

Active
Profile Chat Contact
Startup Logo
PalmPay

Financial Services

Lagos, Nigeria

Active
Profile Chat Contact
Startup Logo
Thunes

Financial Services

Nairobi, Kenya

Active
Profile Chat Contact
Recent Funding Activity
Most recent funding
@Brown Asher's most recent funding is aSeed ROund

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In the Media
Business Wire
MFS Africa Selects ThetaRay AI Tech for Transaction Monitoring and Sanctions Screening to Boost Global Expansion - Business Wire
... Published - 11th November 2022
TechEconomy.ng
Omnichannel Payment Systems, MFS Africa, Plans Nigeria Entry – TechEconomy.ng - TechEconomy.ng
... Published - 11th October 2022
FAQs

Some of the Frequently Asked questions about MFS Africa.

MFS Africa was founded in 2009.
MFS Africa's headquarters are located in Gauteng, South Africa.
MFS Africa's latest funding round was a Debt Financinground .
To date, MFS Africa has raised a total of $130M.
MFS Africa's founders include:

Dare Okoudjou.

Some competitor startups to MFS Africa are:

Enterprise Group, PalmPay, Thunes