• FOUNDING YEAR: 2010
    LOCATION:
    South Africa
    REGION:
    Last Update:
    22 Oct, 2019
    Global presence:
    Ghana, Nigeria, Mauritius, United Kingdom, Nigeria, Mauritius, United Kingdom

Description

FOCUS

PRODUCTS & SERVICES:
The company offers an API that enables banks and financial institutions to offer financial services, payments & money remittances to mobile wallet users. The API integrates with banks to create relevant financial offers for underserved customers through their mobile wallets. Cross-border payments, money transfer from one mobile wallet to another can also be achieved with the MFS interoperating interface. It also provides a secure & traceable network for bulk payments to transfer salaries and commissions, which is ideal for the corporate sector.
REVENUE MODEL:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
MTN, Vodafone, Orange, and Airtel.

PEOPLE

FOUNDERS:
Dare Okoudjou
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
LUN Partners, Goodwell, ShoreCap III, Equator Capital Partners, FSD Africa
KEY EMPLOYEES:
Dare Okoudjou (CEO)

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$4.5 Millions
DATE OF LAST FUNDING:
Oct 2018
TOTAL FUNDING COMMENT:
The company will use the funds to broaden its reach in providing cross-border, cross-currency, and cross-network solutions to merchants, mobile network operators, and money transfer companies.
FUNDING SERIES:
SERIES B
$4.5 Millions Closed: Sep 2018
COMMENTS
SERIES B : 14000000
LISTED:
NO

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