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March 12th, 2021 in Business. Closed ArifPay is a mobile point of sale system which will allow ATM cardholders to make electronic transactions via their smartphones. (Shega Media) Shega ArifPay Closes A $3.5 M Private Placement Round From 31 Investors ArifPay ( ArifPay Financial Technologies Share Company ), an upcoming fintech company in Ethiopia, raised $3.5M / 140M ETB from 31 investors in a private placement round. From the total raised capital, the paid capital is $1M while the rest $2.5M is a subscribed capital. Investors are expected to pay the subscribed capital in the period of 2 years. ArifPay is a mobile point of sale system which will allow ATM cardholders to make electronic transactions via their smartphones. ....