MFS Africa Overview

  • Founded
  • 2009
Founded
  • Status
  • Private
  • Employees
  • 77
Employees
  • Latest Deal Type
  • Later Stage VC
  • Latest Deal Amount
  • $1.2M
Latest Deal Amount
  • Investors
  • 6

MFS Africa General Information

Description

Provider of a mobile money aggregator and interoperability platform designed to connect money transfer organizations, banks, e-commerce platforms and other financial institutions. The company's platform offers accessible and affordable alternatives for remittance and money transfers, micro-lending, micro-insurance, micro-savings and payments, enabling consumers to improve 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
Primary Office
  • 7th floor, GNAT Heights
  • Independence Avenue
  • Accra
  • Ghana

MFS Africa Timeline

2017201820192020
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 20-Jan-2020 $1.2M 000.00 Completed Generating Revenue
3. Grant 17-Jan-2019 00.000 000.00 Completed Generating Revenue
2. Later Stage VC (Series B) 30-Oct-2018 $14M $15.5M Completed Generating Revenue
1. Later Stage VC 01-Dec-2017 $1.53M $1.53M 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
Accra, Ghana
77 As of 2020
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Amsterdam, Netherlands
00 As of 0000
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Vancouver, Canada
0 As of 0000
00.000
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MFS Africa Competitors (31)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Rewire Venture Capital-Backed Amsterdam, Netherlands 00 0000 00000000000 0000
0000000 00000 Venture Capital-Backed Vancouver, Canada 0 00.000 0000000000 0 00.000
0000 000000000 Private Equity-Backed London, United Kingdom 000 00000 0000000 0000 00000
000000000 Venture Capital-Backed Hong Kong, Hong Kong 000 00000 00000000000 00000
00000000000 Venture Capital-Backed Hertfordshire, United Kingdom 00.00 000000000 00.00
You’re viewing 5 of 31 competitors. Get the full list »

MFS Africa Executive Team (11)

Name Title Board Seat Contact Info
Rachel Balsham Deputy Chief Executive Officer & Head of Corporate Development
Dare Okoudjou Founder & Chief Executive Officer
Roland Poyurs Chief Financial Officer
Filip Nilsson Chief Product Officer & Co-Chief Operating Officer
Mxolisi Msutwana Co-Chief Operations Officer
You’re viewing 5 of 11 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 %ile
-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 (6)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Libertad (Tokyo) Growth/Expansion Minority 000 0000 000000 0
The Department for Business, Innovation & Skills - UK Limited Partner Minority 000 0000 000000 0
Equator Capital Partners Asset Manager Minority 000 0000 000000 0
FSD Africa Venture Capital Minority 000 0000 000000 0
Goodwell Investments Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 6 investors. Get the full list »

MFS Africa Investments & Acquisitions (3)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000000 30-Jun-2020 000000000000000000 Financial Software 0000 00000000
00000000000 000000 27-May-2020 00000 00000 00 00.000 Other Insurance
Sochitel UK 26-Jul-2016 Merger/Acquisition Other Communications and Networking 0000 00000000
To view MFS Africa’s complete investments and acquisitions history, request access »

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MFS Africa Subsidiaries (2)

Company Name Industry Location Founded
Beyonic Financial Software Kampala, Uganda 2012
00000000 00 Other Communications and Networking London, United Kingdom 0000
To view MFS Africa’s complete subsidiaries history, request access »