MFS Africa, a digital payments network, has raised an additional $100 million in equity and debt capital led by Admaius Capital Partners, increasing the total amount raised in the series to $200 million. Vitruvian Partners and AXA IM Alts, as well as current investors AfricInvest FIVE and CommerzVentures, re-invested as a result of the extension….
MFS Africa has agreed to buy Global Technology Partners for $34 million in cash (GTP). GTP is Africa’s top prepaid card processor, with UBA, Ecobank, BIA, Stanbic, Coris, NSIA, and Zenith Bank among the over 80 banks that use their platform. GTP’s client base is spread over 34 countries, and the company is fully integrated…
MFS Africa has raised US$100 million Series C through an equity and debt financing round. The fundraising marks another milestone in MFS Africa’s expansion, following a series of acquisitions and investments in other African fintechs, including the recently announced acquisition of Baxi in Nigeria. The new investor, AfricInvest FIVE, is one of the most experienced private…