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MFS Africa

300 employees

MFS Africa is a digital payment company that offers mobile financial solutions for senders, money users, and service providers.

Investor insights

Sectors invested in

Insurance5
FinTech5
Mobile4
Financial Services4
Mobile Payments4
PME2
Domestic & Cross border payments2
Web Development2
Agent Banking Systems2
Software2
Digital Financial Services2
Marketplace2
Agriculture2
Information Technology2
Business Development2
Post-Harvest Loss Handling2
Crop Insurance Agency2
Digital Profiling2
Last-Mile Distribution2
Value Chain Digitization2

Funding rounds participated in

$2M sweet spot round size

Most of their 9 investments are in rounds between $860K and $3M

Basic info

Industry

financial services

Sectors

e-Commerce
Financial Services
Domestic Payments
Mobile Money
FinTech
International Money Transfer
Offline Payments
xP2P - Mobile-to-Mobile Cross-Border Money Transfer
Payments
Mobile Payments

Date founded

2010

Investments made

N

Numida Technologies raised $7.3M on September 28, 2022

Investors: Serena Ventures, 4Di Capital, Launch Africa Ventures, Breega, Soma Capital, Y Combinator and MFS Africa

J

Julaya raised $2M on July 21, 2021

Investors: Orange Ventures, Saviu Ventures, Launch Africa Ventures and MFS Africa

J

Julaya raised $2M on July 21, 2021

Investors: Orange Ventures, Saviu Ventures, Launch Africa Ventures and MFS Africa

m

maviance GmbH raised $3M on May 11, 2021

Investors: MFS Africa

m

maviance GmbH raised $3M on May 11, 2021

Investors: MFS Africa

N

Numida Technologies raised $2.3M on April 13, 2021

Investors: Draper Richards Kaplan Foundation, Equilibria Capital Management, Kepple Africa Ventures and MFS Africa

I

Inclusivity Solutions raised $1.3M on May 28, 2020

Investors: Goodwell Investments, Allan Gray Proprietary Limited and MFS Africa

E

EzyAgric raised $563K on March 3, 2020

Investors: MFS Africa

E

EzyAgric raised $860K on August 22, 2019

Investors: MFS Africa

Funding rounds raised

Total raised

$100M

from 20 investors over 20 rounds

M

MFS Africa raised undisclosed on June 14, 2022

Investors: Symbiotics

M

MFS Africa raised $100M on June 14, 2022

Investors: CommerzVentures, Vitruvian Partners, AXA Investment Managers and Admaius Capital Partners

M

MFS Africa raised $70M on November 10, 2021

Investors: Allan Gray Proprietary Limited, Endeavor South Africa, LUN Partners Group, Endeavor Catalyst, Goodwell Investments, CommerzVentures, Bossa Nova Investimentos and Equator Capital Partners

M

MFS Africa raised $1.8M on March 1, 2021

Investors: Goodwell Investments

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MFS Africa raised undisclosed on January 1, 2020

Investors: E Squared Investments

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MFS Africa raised $14M on October 31, 2018

Investors: Equator Capital Partners, LUN Partners Group, Goodwell Investments and FSD Africa

M

MFS Africa raised $3.2M on October 30, 2018

Investors: FSD Africa

FAQ