Pan-African digital payments network, MFS Africa, has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital Partners led the new round.

 These plans mirror what founder and CEO Dare Okoudjou told TechCrunch last November when the company announced its first $100 million tranche. At the time, the Baxi acquisition was still pending approval from the Central Bank of Nigeria.  The Africa-focused and London-based company connects over 320 million mobile money wallets across 35+ African countries and 700 corridors.

Mfs Africa Raises An Additional Equity And Debt Capital To Take Its Series C To $200M

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Mfs Africa Raises An Additional Equity And Debt Capital To Take Its Series C To $200M

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