onafriq
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Investment Firm
Overview
MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.
Highlights
Founded
2009
Industry
Financial Services
Employees
501-1000
Investment
7
Lead Investment
2
Exits
undefined
Stages
Seed, Early Stage Venture
Investor Type
N/A
Location
Johannesburg, NA - South Africa, South Africa, Africa
Contact Information
Social
Profile Resume
onafriq, established in 2009 and headquartered in Johannesburg, NA - South Africa, South Africa, Africa., specializes in Seed, Early Stage Venture investments across Financial Services, Venture Capital, Augmented Reality, Finance, Artificial Intelligence (AI), Robotics, FinTech, Angel Investment, Enterprise Software, Mobile. Their recent investments include Y Combinator, Goodwater Capital, 4Di Capital, Soma Capital, Breega. The highest investment round they participated in was $2.0B. Among their most notable exits are Y Combinator and Goodwater Capital. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
onafriq has made 7 investments. Their most recent investment was on May 11, 2021, when maviance raised $3.0M.
investments
7
Diversity investments
0
Lead investments
2
Number of exits
undefined
Investments
7
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Apr 13, 2021 | - | - | 2.3M |
| May 11, 2021 | maviance | Software | 3.0M |
| Jul 21, 2021 | - | - | 2.0M |
| Sep 28, 2022 | - | - | 12.3M |
mavianceExits
0
Funding Timeline
Funding rounds
7
Investors
21
Funds
0
Funding Rounds
7
onafriq has raised 7 rounds. Their latest funding was raised on Sep 28, 2022 from a Seed Round - Numida round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Apr 13, 2021 | Seed Round - Numida | - | 2.3M | - |
| May 11, 2021 | Seed Round - maviance | - | 3.0M | - |
| Jul 21, 2021 | Seed Round - Julaya | - | 2.0M | - |
| Sep 28, 2022 | Seed Round - Numida | - | 12.3M | - |
Investors
33
onafriq is funded by 33 investor(s). Stanbic IBTC Bank and Symbiotics Group Kantor are the most recent investors.
| Investor Name | Lead Investor | Funding Round | Money Raised |
|---|---|---|---|
Endeavor | No | Series C - onafriq | 100.0M |
CommerzVentures | No | Series C - onafriq | 100.0M |
Symbiotics Group | No | Debt Financing - onafriq | 0 |
Stanbic IBTC Bank | No | Debt Financing - onafriq | 0 |
Symbiotics Group
Stanbic IBTC BankFund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
| Annouced Date | Fund Name | Money Raised |
|---|---|---|
| May 10, 2013 | OTPPLESS | 1.0M |
| May 11, 2013 | OTPPLESS | 1.0M |
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