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Announced

Completed

Admaius Capital led a $200m round in MFS Africa.

Financials

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Transaction Value£163m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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South Africa

Venture Capital

Private Equity

Private

Minority

Cross Border

Single Bidder

Acquisition

Payments / Commerce

Friendly

digital payments

Completed

Synopsis

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Admaius Capital, a private equity firm, led a $2 00m round in MFS Africa, a digital payments network, with participation from Vitruvian Partners, AXA, AfricInvest and CommerzVentures, LUN Partners Group, Goodwell Investments, Allan Gray Ventures, Endeavor Catalyst and Equator Capital Partners. "With this $100m extension of our Series C fundraise we are thrilled to have the support of world-class investors Admaius, Vitruvian and AXA, and for the continued support of existing investors, on our journey to making borders matter less when it comes to payments. The strength of our business model is grounded on building a lasting digital infrastructure that unleashes and simplifies economic activities across the continent through any-to-any interoperability," Dare Okoudjou, MFS Africa Founder and CEO.

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