The Series C extension funding round takes the total amount raised by the African company to USD 200 million. AZA IM Alts, Vitruvian Partners, AfricInvest FIVE, and Equator Capital Partners are among the new and old investors.
The latest funds will be used to accelerate the company’s expansion across the African continent and its integration into the global digital payments’ ecosystem. Moreover, MFS Africa will continue its expansion into Asia through a joint venture with LUN Partners to enable cross-border digital payments in Africa and China.
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