Onafriq Overview

  • Year Founded
  • 2009

Year Founded

  • Status
  • Private

  • Employees
  • 354


  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $200M

  • Investors
  • 22

Onafriq General Information


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

Formerly Known As
MFS Africa
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Corporate Office
  • 3rd Floor, The Place
  • 1 Sandton Drive, Sandhurst, Sandton
  • Johannesburg, 2196
  • South Africa

Onafriq Timeline

Financing RoundCaptured Employee CountEstimated Employee Growth

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Onafriq Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Later Stage VC (Series C) 14-Jun-2022 $200M 00000 Completed Generating Revenue
4. Secondary Transaction - Private 01-Oct-2021 00000 Completed Generating Revenue
3. Later Stage VC 20-Jan-2020 00000 00000 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
To view Onafriq’s complete valuation and funding history, request access »

Onafriq Comparisons

HQ Location
Total Raised
Post Valuation
Developer of an omnichannel payment network software designed to connect money transfer organizations, banks, and e-comm
Financial Software
Johannesburg, South Africa
354 As of 2024
00000000000 00000


ommodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse
000000000 00000000
London, United Kingdom
000 As of 0000
0000000000 0 00000


s aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fug
000000000 00000000
Lagos, Nigeria
000 As of 0000
00000000000 000.00
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Onafriq Competitors (45)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
TransferGo Venture Capital-Backed London, United Kingdom 000 00000 0000000000 0 00000
Paga Venture Capital-Backed Lagos, Nigeria 000 000.00 00000000000 000.00
Azimo Formerly VC-backed London, United Kingdom 000 000.00 000000&0 000.00
Chipper Cash Venture Capital-Backed San Francisco, CA 000 00000 0000000000 0 00000
Wise (Financial Software) Formerly VC-backed London, United Kingdom 0000 00000 000000 - 000 00000
You’re viewing 5 of 45 competitors. Get the full list »

Onafriq Executive Team (15)

Name Title Board Seat Contact Info
Dare Okoudjou Founder & Chief Executive Officer
Julian Adkins Group Chief Financial Officer
Rashi Gupta Group Chief Operating Officer, Managing Director & Executive Board Member
Rachel Balsham Managing Director of Southern and East Africa
Reg Swart Chief Commercial Officer
You’re viewing 5 of 15 executive team members. Get the full list »

Onafriq Board Members (2)

Name Representing Role Since
Jonas Wenke CommerzVentures Board Observer 000 0000
Michael Joseph Self Board Member 000 0000
To view Onafriq’s complete board members history, request access »

Onafriq Signals

Growth Rate

0.80% Weekly
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


Similarweb Unique Visitors


Majestic Referring Domains


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Onafriq Investors (22)

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
Amtecx Venture Capital Minority 000 0000 000000 0
AXA Investment Managers Asset Manager Minority 000 0000 000000 0
You’re viewing 5 of 22 investors. Get the full list »

Onafriq Investments & Acquisitions (10)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Inclusivity Solutions 30-Oct-2023 00000 0000 00.000 Other Insurance
Numida 28-Sep-2022 00000 0000 000.00 Financial Software
Global Technology Partners (Oklahoma) 01-Apr-2022 0000000000 0000 Financial Software 0000 0000
Capricorn Digital 28-Mar-2022 0000000000 Financial Software 0000 0000
Julaya 18-Aug-2021 Early Stage VC 000 Financial Software
You’re viewing 5 of 10 investments and acquisitions. Get the full list »

Onafriq Subsidiaries (3)

Company Name Industry Location Founded
Capricorn Digital Financial Software Lagos, Nigeria 2014
Beyonic Financial Software Kampala, Uganda 0000
Global Technology Partners (Oklahoma) Financial Software Tulsa, OK 0000
To view Onafriq’s complete subsidiaries history, request access »

Onafriq FAQs

  • When was Onafriq founded?

    Onafriq was founded in 2009.

  • Who is the founder of Onafriq?

    Dare Okoudjou is the founder of Onafriq.

  • Who is the CEO of Onafriq?

    Dare Okoudjou is the CEO of Onafriq.

  • Where is Onafriq headquartered?

    Onafriq is headquartered in Johannesburg, South Africa.

  • What is the size of Onafriq?

    Onafriq has 354 total employees.

  • What industry is Onafriq in?

    Onafriq’s primary industry is Financial Software.

  • Is Onafriq a private or public company?

    Onafriq is a Private company.

  • What is Onafriq’s current revenue?

    The current revenue for Onafriq is 00000.

  • How much funding has Onafriq raised over time?

    Onafriq has raised $323M.

  • Who are Onafriq’s investors?

    Admaius Capital Partners, Africinvest, Allan Gray, Amtecx, and AXA Investment Managers are 5 of 22 investors who have invested in Onafriq.

  • Who are Onafriq’s competitors?

    TransferGo, Paga, Azimo, Chipper Cash, and Wise (Financial Software) are some of the 45 competitors of Onafriq.

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