MFS Africa Overview

  • Founded

  • 2009

Founded
  • Status

  • Private

  • Employees

  • 236

Employees
  • Latest Deal Type

  • Series C

  • Latest Deal Amount

  • $200M

  • Investors

  • 19

MFS Africa General Information

Description

Provider of a mobile money aggregator and interoperability platform designed to connect money transfer organizations, banks, and e-commerce platforms. The company's platform offers alternatives for remittance and money transfers, micro-lending, micro-insurance, micro-savings, and payments, enabling consumers to manage money remittances to and from mobile money accounts.

Contact Information

Website
www.mfsafrica.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Primary Office
  • 3rd Floor, The Place
  • 1 Sandton Drive, Sandhurst, Sandton
  • Johannesburg
  • South Africa

MFS Africa Timeline

2019202020212022
Financing RoundCaptured Employee CountEstimated Employee Growth

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MFS Africa Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Later Stage VC (Series C) 14-Jun-2022 $200M 00000 Completed Generating Revenue
3. Later Stage VC 20-Jan-2020 00.00 000.00 Completed Generating Revenue
2. Grant 17-Jan-2019 $2.58M $23M Completed Generating Revenue
1. Later Stage VC (Series B) 31-Oct-2018 $23M $23M Completed Generating Revenue
To view MFS Africa’s complete valuation and funding history, request access »

MFS Africa Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Provider of a mobile money aggregator and interoperability platform designed to connect money transfer organizations, ba
Financial Software
Johannesburg, South Africa
236 As of 2022
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Seattle, WA
0000 As of 0000
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000000000 00000

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000000000 00000000
London, United Kingdom
000 As of 0000
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MFS Africa Competitors (53)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Remitly Formerly VC-backed Seattle, WA 0000 00000 000000000 00000
00000 Venture Capital-Backed London, United Kingdom 000 000.00 000000&0 000.00
0000000000 Venture Capital-Backed London, United Kingdom 000 00000 00000000000 00000
0000000 0000 Venture Capital-Backed San Francisco, CA 000 00000 00000000000 00000
0000 Formerly VC-backed London, United Kingdom 0000 00000 000000 - 000 00000
You’re viewing 5 of 53 competitors. Get the full list »

MFS Africa Executive Team (14)

Name Title Board Seat Contact Info
Dare Okoudjou Founder & Chief Executive Officer
Julian Adkins Chief Financial Officer
Mxolisi Msutwana Chief Network Operations Officer
Rashi Gupta Chief Operating Officer
Mazunzo Chaponda Chief Technical Officer
You’re viewing 5 of 14 executive team members. Get the full list »

MFS Africa Board Members (1)

Name Representing Role Since
Michael Joseph Self Non-Executive Director 000 0000
To view MFS Africa’s complete board members history, request access »

MFS Africa Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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MFS Africa Investors (19)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Admaius Capital Partners PE/Buyout Minority 000 0000 000000 0
Africinvest PE/Buyout Minority 000 0000 000000 0
Allan Gray Angel (individual) Minority 000 0000 000000 0
AXA Investment Managers Asset Manager Minority 000 0000 000000 0
Beams Fintech Fund Growth/Expansion Minority 000 0000 000000 0
You’re viewing 5 of 19 investors. Get the full list »

MFS Africa Investments & Acquisitions (8)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000000 000000 01-Apr-2022 0000000000 0000 Financial Software 0000 0000
000000000 000 28-Mar-2022 0000000000 Financial Software 0000 0000
000000 18-Aug-2021 00000 0000 00.000 Financial Software
00000000 11-May-2021 0000 00000 000 Financial Software 0000 0000
Numida 13-Apr-2021 Seed Round 00.00 Financial Software
You’re viewing 5 of 8 investments and acquisitions. Get the full list »

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MFS Africa Subsidiaries (3)

Company Name Industry Location Founded
Capricorn Digital Financial Software Lagos, Nigeria 2014
0000000 Financial Software Kampala, Uganda 0000
000000 0000000000 Financial Software Tulsa, OK 0000
To view MFS Africa’s complete subsidiaries history, request access »