MFS Africa

13 results about this entity

Period: 18 Apr 2018 - 09 Nov 2023

Apply Cancel
Ripple and Onafriq offer digit asset-enabled payments between Africa and rest of the world

/crypto

Ripple and Onafriq offer digit asset-enabled payments between Africa and rest of the world

Ripple has joined forces with Onafriq (previously called MFS Africa) to power digital asset-enabled cross-border payments between Africa and a host of other countries.

/payments

MFS Africa to utilise Ripple's On-Demand Liquidity function

Mobile money has long supported economic growth for businesses and individuals throughout Africa, and financial players are looking to further strengthen digital payment rails across the continent.

/payments

MFS Africa doubles Series C to US$200 million

MFS Africa, Africa’s largest digital payments network, today announces that it has secured an additional US$100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to US$200 million.

/payments

MFS Africa acquires US-based Global Technology Partners

In a rare acquisition of a US tech company by an African tech company, MFS Africa, Africa’s largest digital payments network, today announces that it has reached an agreement to buy Global Technology Partners (GTP).

/payments

MFS Africa joins the Pan-African Payment and Settlement System network

MFS Africa, Africa’s largest digital payments network, today announces that it has joined the Pan-African Payment and Settlement System (PAPSS) network, which is the newly established African cross-border and financial markets infrastructure facilitating the payment, clearance and settlement for intra-African trade payments.

MFS Africa bolsters expansion with $100m fundraise

/payments

MFS Africa bolsters expansion with $100m fundraise

Africa’s largest digital payments network has raised $100 million in a Series C equity and debt financing round.

/inclusion

MFS Africa to buy Nigerian super-agent network Baxi

MFS Africa, the largest pan-African digital payments hub, announced today that it had signed an agreement to acquire Baxi, one of Nigeria's leading super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria, will be the second highest fintech acquisition in Nigeria to date.

/payments

MFS AFrica moves into Sierra Leone

MFS Africa today announces that it has made its entry into Sierra Leone, partnering with Afrimoney, pan-African telecommunications leader Africell’s mobile money service, to enable mobile money users in the country to receive payments from abroad smoothly and affordably.

MFS Africa invests in Cameroon's Maviance

/inclusion

MFS Africa invests in Cameroon's Maviance

Pan-African digital payments hub MFS Africa has made a $3 million investment in Cameroon-based fintech Maviance.

/people

MFS Africa strengthens London team

Leading pan-African fintech MFS Africa has made a raft of senior hires in its London office to drive new offerings targeted at banks, other financial institutions and global development organizations (GDOs); the team is also tasked with leading and enhancing the company’s Treasury function, and strengthening the company’s best-in-class governance, risk management and compliance across its business.

MFS Africa buys Beyonic to bring cross-border payments to African SMEs

/payments

MFS Africa buys Beyonic to bring cross-border payments to African SMEs

Pan-African digital payments hub MFS Africa has bought Beyonic, a digital payments management provider of business services for SMEs across the continent. Terms of the deal were not disclosed.

Visa and MFS Africa team on digital payments

Visa and MFS Africa team on digital payments

Visa is joining forces with MFS Africa to simplify remittances and expand global e-commerce across Africa.

Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

Please read our Privacy Policy.

Accept