MFS Africa
Mobile money hub for cross-border money transfers
Location: South Africa
Website: http://mfsafrica.com/
Sector: Fintech
Funding Stage: Venture Round, Venture Round, Series C, Series C,
Total Funding ($m): 203
# of Founders: 1
Founding Year: 2009
Funding Year: 2022
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2020 | $1.2m | Venture Round | FSD Africa Investments |
| 2021 | $1.8m | Venture Round | Goodwell Investments |
| 2021 | $100m | Series C | AfricInvest, LUN Partners, Goodwell Investments, CommerzVentures, Allan Gray, Endeavor, Equator Capital Partners, Lendable, Norsad Finance |
| 2022 | $100m | Series C | AfricInvest, CommerzVentures, Vitruvian Partners, AXA Impact Fund, Stanbic IBTC Bank |
Venture Round $1.2m
FSD Africa InvestmentsVenture Round $1.8m
Goodwell InvestmentsSeries C $100m
AfricInvest, LUN Partners, Goodwell Investments, CommerzVentures, Allan Gray, Endeavor, Equator Capital Partners, Lendable, Norsad FinanceSeries C $100m
AfricInvest, CommerzVentures, Vitruvian Partners, AXA Impact Fund, Stanbic IBTC BankNews
https://techcrunch.com/2022/06/14/mfs-africa-raises-an-additional-equity-and-debt-capital-to-take-its-series-c-to-200m/