by Zach Deluca -

MICROCAPITAL BRIEF: MFS Africa Acquiring Baxi to Expand Digital Payment Network for SMEs into Nigeria

Mobile Financial Solutions (MFS) Africa, a digital payments network based in South Africa, recently announced it will acquire Baxi, a platform facilitating online payments for small and medium-sized enterprises (SMEs) in underserved communities in Nigeria. Verdant Capital, a corporate finance firm that specializes in mergers and acquisitions,

by Bradley Shulman -

MICROCAPITAL BRIEF: MoneyGram Partners with InTouch, MFS Africa, Thunes to Expand Options for Sending Remittances to Mobile Wallets

MoneyGram International, a money transfer company based in the US, recently announced partnerships with three companies that facilitate e-wallet services in Africa: InTouch, which is based in Senegal; MFS Africa, which is based in South Africa; and Thunes of Singapore. The partnerships are giving MoneyGram “access to mobile wallets in 28 markets in Africa,” allowing its customers

by Aakansha Shenoy -

MICROCAPITAL BRIEF: Numida of Uganda Raises $2.3m in Equity to Scale Digital Lending in Partnership with MFS Africa

Numida, a financial technology (fintech) firm in Uganda, recently raised USD 2.3 million in seed funding from a group of investors led by South Africa’s Mobile Financial Solutions (MFS) Africa, whose infrastructure Numida plans to use to expand outside of Uganda and launch unspecified additional digital financial products. The other investors were the US-based