Onafriq
Building the African payments infrastructure for the next 100 years
Johannesburg, South Africa · Founded 2009 · $114.0M raised
- Headquarters
- Johannesburg
- Employees
- 501–1000
- Founded
- 2009
- Business Model
- B2B
- Website
- onafriq.com
- Total Funding
- $114.0M
- Last Round
- $100.0M Extension RoundJun 2022
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Onafriq (formerly MFS Africa) is a pioneering payments company building the African payments infrastructure for the next 100 years, connecting businesses to the continent through its global payment network. The company connects over 500 million mobile money wallets, 200 million bank accounts, and 400,000 agents in Nigeria. Its omnichannel network enables domestic and cross-border disbursements and collections, card issuing and processing, agency banking, and treasury services. By linking mobile money operators, money transfer operators, banks, fintech companies, development organisations, and online and offline merchants, Onafriq creates a world of financial opportunities. With offices across Africa as well as in the UK, US, and China, the company's 'network of networks' is backed by top-notch regulation. In 2023, Onafriq was honoured as the Fintech of the Year at the African Banker Awards.
Summary
Onafriq is a Fintech company based in Johannesburg, South Africa, founded in 2009. It has raised $114.0M in total across 3 rounds, most recently a $100.0M Extension Round in Jun 2022. Investors include LUN Partners Group, Admaius Capital Partners and Goodwell Investments.
Tech & App Stack
9 technologies & apps tracked
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Funding History
Jun 2022
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Funding: Extension Round. Amounts, valuations, and investors where available.
Investors
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