Onafriq
Building the African payments infrastructure for the next 100 years
Johannesburg, South Africa · Founded 2009 · $214.0M raised
- Headquarters
- Johannesburg
- Employees
- 501–1000
- Founded
- 2009
- Business Model
- B2B
- Website
- onafriq.com
- Total Funding
- $214.0M
- Last Round
- $4.5M Series BJun 2022
- Rounds
- 4
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 $214.0M in total across 4 rounds, most recently a $4.5M Series B round in Jun 2022. Investors include LUN Partners Group, Admaius Capital Partners and Vitruvian Partners.
Tech & App Stack
9 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Funding History
Sign up to view the funding chart
Create a free account with 25 free credits every month, no card needed, to unlock funding history, valuations, and tech stacks.
Jun 2022
Sign up to see all 4 rounds
Series B through Extension Round — per-round amounts, valuations, and who invested in each round.
Investors
Similar Companies

Citi is a leading global bank for institutions with cross-border needs, a global provider in weal...
Global fintech company operating Alipay and providing digital payment, wealth management, insuran...

Regulated institutional-grade cryptocurrency exchange offering spot trading for Bitcoin, Ethereum...
Robinhood offers commission-free investing and tools to help shape your financial future.

Economic infrastructure for the internet.

Grab is Southeast Asia's leading super-app, providing ride-hailing, food and grocery delivery, di...
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/onafriq"><img src="https://indexed.vc/api/badge/company/onafriq" alt="Onafriq on Indexed.vc" width="260" height="76" /></a>