MFS Africa raises additional equity and debt capital to take its Series C to $200M

MFS Africa raises additional equity and debt capital to take its Series C to $200M

Pan-African digital payments network MFS Africa has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital Partners led the new round. Investors from its first Series C round like AfricInvest FIVE and CommerzVentures doubled down while the fintech also received capital […]

Read more
MFS Africa acquires GTP for $34M as it looks to issue prepaid cards to its clients

MFS Africa acquires GTP for $34M as it looks to issue prepaid cards to its clients

Pan-African digital payments company MFS Africa is acquiring U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million, FT reported today. There are very few deals of such manner; that is, an African tech company buying up a U.S.-based one. While it can be seen as bragging rights for some, MFS Africa made […]

Read more