- Headquarters
- Johannesburg
- Founded
- 2009
- Business Model
- B2B
- Website
- mfsafrica.com
- Total Funding
- $104.5M
- Last Round
- $100.0M Series CJun 2022
- Rounds
- 2
About
MFS Africa (now rebranded as Onafriq) is a pan-African digital payments network founded in 2009 by Dare Okoudjou. It connects over 180 million mobile wallets across Africa through a single API, enabling cross-border money transfers, bulk disbursements, and payment interoperability for banks, mobile operators, and enterprises across the continent.
Summary
MFS Africa is a Fintech company based in Johannesburg, South Africa, founded in 2009. It has raised $104.5M in total across 2 rounds, most recently a $100.0M Series C round in Jun 2022. Investors include LUN Partners Group and Goodwell Investments.
Tech & App Stack
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Funding History
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Jun 2022
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Series B through Series C — per-round amounts, valuations, and who invested in each round.
Investors
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