African Payment Biz Nabs $100M In Series C Round

By Elise Hansen (November 10, 2021, 2:59 PM EST) -- African payment network MFS Africa said it raised $100 million in debt and equity in a Series C funding round that it will use to fund growth across the continent and overseas.

London-headquartered MFS Africa Ltd. said Wednesday it's looking to open new regional offices in major African markets as well as expand into the U.S. and China. MFS Africa is a digital payments company that says it connects more than 320 million mobile wallets.

"MFS Africa's vision is to make borders matter less, which it enables through interoperability across payment schemes, borders and currencies," the announcement said.

The company recently...

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