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New CEO looks to card payment expansion

MFS Africa raises $100m funding to accelerate its expansion plans across Africa and Asia

MFS Africa Announces The Extension Of Its Series C To US$200 Million - Admaius Capital Partners Led The US$100 Million Extension

<p><span lang="ES"><a target=" blank" href="http://mfsafrica.com/" data-auth="NotApplicable"><span lang="EN-GB">MFS Africa</span></a></span><span>,&nbsp;</span><span lang="EN-ZA">Africa&rsquo;s largest digital payments network, today announces that it has secured an additional US$100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to US$200 million. New investors, Vitruvian Partners and AXA IM Alts joined the extension, alongside existing investors, AfricInvest FIVE and CommerzVentures, who re-invested in the extension. Previous other investors include LUN Partners Group, Goodwell Investments, Allan Gray Ventures, Endeavor Catalyst and Endeavor Harvest, Equator Capital Partners, Ulme B.V., and Vlemeij B.V.&nbsp;</span></p>

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