MFS Africa Overview
- Founded
-
2009

- Status
-
Private
- Employees
-
236

- 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
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 |
MFS Africa Comparisons
Description
Primary
Industry
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
00000
00000000000
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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 |
MFS Africa Executive Team (14)
MFS Africa Board Members (1)
Name | Representing | Role | Since |
---|---|---|---|
Michael Joseph | Self | Non-Executive Director | 000 0000 |
MFS Africa Signals
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 |
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 |
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 |