Onafriq
Building the African payments infrastructure for the next 100 years
Johannesburg, South Africa · Founded 2009 · $104.5M raised
- Headquarters
- Johannesburg
- Employees
- 501–1000
- Founded
- 2009
- Business Model
- B2B
- Website
- onafriq.com
- Total Funding
- $104.5M
- Last Round
- $4.5M Series BNov 2021
- Rounds
- 2
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 $104.5M in total across 2 rounds, most recently a $4.5M Series B round in Nov 2021. Investors include LUN Partners Group and Goodwell Investments.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Nov 2021
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Investors
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