Development Partners International completed a $54m investment in Channel VAS.

Development Partners International, a pan-African focused private equity firm, completed a $54m investment in Channel VAS, a fintech provider of mobile financial and airtime credit services operating in Africa, Asia and the Middle East. “Channel VAS’ success so far positions it perfectly to continue to capitalise on Africa’s growing, yet underpenetrated mobile airtime market. Providing services to the underbanked and a rapidly growing young population is an incredibly exciting space to be operating in; and DPI is delighted to become a partner to Channel VAS on its journey," Eduardo Gutierrez-Garcia, DPI Partner.