MFS Africa

Digital payment company that offers mobile financial solutions for senders, money users, and service providers.

Launch date

May 2009

Employees

Market cap

Enterprise valuation

Sandton Gauteng (HQ)

http://mfsafrica.com

https://twitter.com/onafriq https://www.facebook.com/mfs-africa-155128904550339 https://www.linkedin.com/company/mfs-africa

Revenues, earnings & profits over time

USD	2018	2019	2020	2021
Revenues	6.8m	8.0m	25.8m	42.0m
% growth	-	19 %	223 %	63 %

Date	Investors	Amount	Round
Oct 2018*	LUN Partners Group	$14.0m	Series B
Jan 2020	FSD Africa	$1.2m	Early VC
Mar 2021	Goodwell Investments	$1.8m	Early VC
Nov 2021	CommerzVentures CDC Group Goodwell Investments Endeavor Catalyst LUN Partners Group AfricInvest Allan Gray Ventures Endeavor Harvest	$70.0m	Series C
Nov 2021	CommerzVentures CDC Group Goodwell Investments Endeavor Catalyst LUN Partners Group Lendable AfricInvest Allan Gray Ventures Endeavor Harvest	$30.0m	Debt
Jun 2022*	Symbiotics Group Stanbic IBTC Bank	$50.0m	Debt
Jun 2022*	Vitruvian Partners CommerzVentures Goodwell Investments Endeavor Catalyst LUN Partners Group AXA Investment Managers Equator Capital Partners AfricInvest Allan Gray Ventures Endeavor Harvest Admaius Capital Partners Ulme B.V. Vlemeij B.V	$50.0m	Series C
Total Funding		$137m

Tech stackLearn more about the technologies and tools that this company uses.

Capricorn Digital

ACQUISITION by MFS Africa Oct 2021

ACQUISITION by MFS Africa Jun 2020

Global Technology Partners

ACQUISITION by MFS Africa Jun 2022

Inclusivity Solutions

ACQUISITION by MFS Africa Oct 2021