Onafriq UK Holdings Overview
- Year Founded
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2009
- Status
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Private
- Employees
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600
- Latest Deal Type
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Series C
- Latest Deal Amount
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$102M
- Investors
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25
Onafriq UK Holdings General Information
Description
Developer of an omnichannel payment network software 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.onafriq.comCorporate Office
- 51 Eastcheap
- London EC3M 1JP
- England, United Kingdom
Corporate Office
- 51 Eastcheap
- London EC3M 1JP
- England, United Kingdom
Onafriq UK Holdings Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Later Stage VC (Series C) | 14-Jun-2022 | $102M | Completed | Generating Revenue | ||
| 5. Secondary Transaction - Private | 01-Oct-2021 | Completed | Generating Revenue | |||
| 4. Later Stage VC | 28-Jan-2021 | Completed | Generating Revenue | |||
| 3. Later Stage VC | 20-Jan-2020 | Completed | Generating Revenue | |||
| 2. Grant | 17-Jan-2019 | $2.58M | $23M | Completed | Generating Revenue | |
| 1. Later Stage VC (Series B) | 01-Oct-2018 | $23M | $23M | Completed | Generating Revenue |
Onafriq UK Holdings Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | ||||||||
| Series C | ||||||||
| Series C | ||||||||
| Series C | ||||||||
| Series C | ||||||||
| Series C | ||||||||
| Series C | ||||||||
| A Ordinary | ||||||||
| Series C | 641,666 | $0.012481 | $26.74 | $26.74 | 1x | $26.74 | 4.94% | |
| Series C | 9,706 | $0.012481 | $21.54 | $21.54 | 1x | $21.54 | 0.07% |
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Onafriq UK Holdings Comparisons
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Onafriq UK Holdings Competitors (59)
One of Onafriq UK Holdings’s 59 competitors is Remitbee, a Accelerator/Incubator Backed company based in Mississauga, Canada.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Remitbee | Accelerator/Incubator Backed | Mississauga, Canada | ||||
| Chipper | Venture Capital-Backed | San Francisco, CA | ||||
| MoneyGram | Private Equity-Backed | Dallas, TX | ||||
| VoguePay | Corporation | Ikeja, Nigeria | ||||
| Paystack | Formerly VC-backed | Lagos, Nigeria |
Onafriq UK Holdings Related Research & Analysis
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Onafriq UK Holdings Investors (25)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Admaius Capital Partners | Impact Investing | Minority | ||
| Africinvest | PE/Buyout | Minority | ||
| Angel (individual) | Minority | |||
| Amtecx | Venture Capital | Minority | ||
| AXA Investment Managers | Asset Manager | Minority |
Onafriq UK Holdings Investments & Acquisitions (12)
Onafriq UK Holdings’s most recent deal was a Later Stage VC with Numida for . The deal was made on 28-Sep-2022.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Numida | 28-Sep-2022 | Later Stage VC | Specialized Finance | ||
| Global Holdings (Tulsa) | 06-Jun-2022 | Merger/Acquisition | Other Financial Services | ||
| Global Technology Partners (Financial Software) | 01-Apr-2022 | Merger/Acquisition | Other Financial Services | ||
| Capricorn Digital | 28-Mar-2022 | Merger/Acquisition | Financial Software | ||
| Simbapay | 04-Oct-2021 | Merger/Acquisition | Financial Software |
Onafriq UK Holdings Affiliates
Subsidiaries (3)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Capricorn Digital | Lagos, Nigeria | 2014 | |
| Simbapay | London, United Kingdom | 2013 | |
| Global Holdings (Tulsa) | Tulsa, OK | 2003 |
Onafriq UK Holdings FAQs
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When was Onafriq UK Holdings founded?
Onafriq UK Holdings was founded in 2009.
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Where is Onafriq UK Holdings headquartered?
Onafriq UK Holdings is headquartered in London, United Kingdom.
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What is the size of Onafriq UK Holdings?
Onafriq UK Holdings has 600 total employees.
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What industry is Onafriq UK Holdings in?
Onafriq UK Holdings’s primary industry is Financial Software.
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Is Onafriq UK Holdings a private or public company?
Onafriq UK Holdings is a Private company.
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What is the current valuation of Onafriq UK Holdings?
The current valuation of Onafriq UK Holdings is .
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What is Onafriq UK Holdings’s current revenue?
The current revenue for Onafriq UK Holdings is .
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How much funding has Onafriq UK Holdings raised over time?
Onafriq UK Holdings has raised $245M.
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Who are Onafriq UK Holdings’s investors?
Admaius Capital Partners, Africinvest, , Amtecx, and AXA Investment Managers are 5 of 25 investors who have invested in Onafriq UK Holdings.
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Who are Onafriq UK Holdings’s competitors?
Remitbee, Chipper, MoneyGram, VoguePay, and Paystack are some of the 59 competitors of Onafriq UK Holdings.
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