Series C FinTech MEGA DEAL
$100M

MFS Africa

South Africa April 2022 Southern Africa

About this Deal

MFS Africa raised $100M to expand digital payments hub.

Investors

Undisclosed investors

Deal Details

Amount$100M
TypeSeries C
InstrumentEquity
SectorFinTech
FounderMale-led
StatusClosed

Company

MF
MFS Africa
Startup · Johannesburg

Other Companies in this Market

See all
SME
Steers Real flame-grilled since 1960
South Africa
SME
Bowmans Law Leading pan-African law firm since 1900
South Africa
SME
Chicken Licken South Africa's indigenous chicken king
South Africa
Non-profit
National Stokvel Association of South Africa Community savings, African style
South Africa
SME
Debonairs Pizza South Africa's pizza champion
South Africa
Startup
Yoco South Africa Payments for SA small business
South Africa

People in this Space

See all
AR
Allon Raiz Founder @ Raizcorp Business Incubator
South Africa
SA
Stefan Antoni Founder @ SAOTA Architects
South Africa
RB
Richard Bowsher Founder @ BOS Brands
South Africa
KM
Kaizer Motaung Founder @ Kaizer Chiefs FC
South Africa
PM
Patrice Motsepe CEO @ Mamelodi Sundowns FC
South Africa
JZ
Jochen Zeitz Founder @ Zeitz Museum of Contemporary Art Africa
South Africa

Related News

See all
African Vaccine Manufacturing 2026: Afrigen's mRNA Technology Transfer Hub, Biovac, Moderna's USD 500 Million Kenya Plant, and the BioNTech BioNTainers The COVID-19 pandemic exposed African dependence on imported vaccines and triggered a wave of commit...
Mar 21, 2026 South Africa
AI in African Education 2026: FoondaMate's 3 Million Learners, ChatGPT Adoption, and the Personalized Learning Promise Artificial intelligence in African education has moved from experimental to practical deployment, wi...
Feb 19, 2026 South Africa
Just Energy Transition Partnerships in Africa 2026: South Africa's USD 8.5 Billion Commitment, Senegal's Framework, and the Replication Question Just Energy Transition Partnerships (JETPs) committed international climate finance to support devel...
Feb 14, 2026 South Africa
African Battery Energy Storage 2026: The Missing Piece of the Renewables Puzzle Battery energy storage is increasingly recognized as the technology that can unlock the full potenti...
Nov 27, 2025 South Africa