MFS Africa
Latest round
- Series C
Last raised
- Jun 2022
Total raised
- $84M
Investors
- 14
About MFS Africa
Founded in 2010 in Sandton, South Africa, MFS Africa Limited specializes in digital payment solutions. The company operates independently without any known parent or subsidiary relations.MFS Africa specializes in providing a comprehensive suite of digital payment solutions aimed at facilitating seamless cross-border transactions across the African continent and beyond. Their core offerings include a robust mobile payments platform that enables users to send and receive money, pay bills, and conduct remittances efficiently. This platform integrates with various local mobile money services, providing a crucial link between different financial ecosystems and helping to address the challenges of financial inclusion in Africa. The company serves a diverse clientele comprising mobile network operators, financial institutions, and businesses that require reliable payment processing solutions.MFS Africa generates revenue through a transactional model primarily based on fees associated with its payment processing services. Transactions typically occur when clients utilize the platform for remittances, bill payments, or inter-operability services, where fees are charged for each transaction processed. The company engages in B2B partnerships, offering its services to financial institutions and businesses, which in turn may provide these solutions to their end-users. Specific pricing structures are established based on the services rendered, allowing for scalability and flexibility depending on the client's needs. This capital will be directed towards expanding operations into Asia and further developing cross-border payment synergies with Africa. The company is focused on launching new products designed to enhance its digital payment capabilities, although specific release dates have not been disclosed.
Who invested in MFS Africa
14 investors across 4 rounds
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Questions about MFS Africa
Who invested in MFS Africa?
MFS Africa has 14 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MFS Africa raised?
MFS Africa has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did MFS Africa last raise money?
MFS Africa's most recent round on record is a Series C, in Jun 2022.
What does MFS Africa do?
Founded in 2010 in Sandton, South Africa, MFS Africa Limited specializes in digital payment solutions.
Where is MFS Africa headquartered?
MFS Africa is headquartered in Sandton, South Africa.
Which VCs invest in companies like MFS Africa?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at MFS Africa's stage. Their profiles are linked below.
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