Onafriq
OperatingFormerly MFS Africa
Cross-border, cross-currency, cross-network payments.
- FinTech
- Johannesburg, South Africa
- Series C
- Founded 2009
- onafriq.com ↗
- Total raised
- $215M
- disclosed
- Last round
- $100M
- Debt Financing
- Rounds
- 6
- since 2009
- Investors
- 17
- on record
- Employees
- 51-100
Onafriq funding and investors
Onafriq has raised $215M across 6 disclosed rounds. The latest is a $100M Series C announced 14 Jun 2022, led by Admaius Capital Partners.
- Lead investors
- 7
- Largest round
- $100M
- Average round
- $43M
- disclosed rounds
- Round cadence
- 9 mo
- average gap
- $14MSeries BSeries B, $14M, $14M raised to date
- $1.2MVentureVenture, $1.2M, $15.2M raised to date
- $70MSeries CSeries C, $70M, $85.2M raised to date
- $30MDebt FinancingDebt Financing, $30M, $115M raised to date
- $100MSeries CSeries C, $100M, $215M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Onafriq funding rounds6 · newest first
- Series C$100M
14 Jun 2022 · led by Admaius Capital Partners
- Debt FinancingUndisclosed
14 Jun 2022
- Debt Financing$30M
10 Nov 2021 · led by Norsad Finance
- Series C$70M
10 Nov 2021 · led by AfricInvest
- Venture$1.2M
21 Jan 2020 · led by FSD Africa
- Series B$14M
30 Oct 2018 · led by FSD Africa
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 14 Jun 2022 | Series C | Admaius Capital Partners · Vitruvian Partners, AXA IM Alts, AfricInvest FIVE, CommerzVentures | $100M |
| 14 Jun 2022 | Debt Financing | Symbiotics Group, Stanbic IBTC Bank | Undisclosed |
| 10 Nov 2021 | Debt Financing | Norsad Finance · Lendable | $30M |
| 10 Nov 2021 | Series C | AfricInvest · Allan Gray, CommerzVentures, Endeavor Catalyst, Endeavor South Africa, Equator Capital Partners, Goodwell Investments, LUN Partners Group | $70M |
| 21 Jan 2020 | Venture | FSD Africa | $1.2M |
| 30 Oct 2018 | Series B | FSD Africa · LUN Partners Group, Goodwell Investments, Equator Capital Partners | $14M |
Investors in Onafriq17 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| FSD AfricaVenture Capital | Lead in all 2 | Series B, Venture | Oct 2018 |
| LUN Partners GroupVenture Capital | Lead in 1 of 2 | Series B, Series C | Oct 2018 |
| Goodwell InvestmentsVenture Capital | Lead in 1 of 2 | Series B, Series C | Oct 2018 |
| AfricInvestVenture Capital | Lead | Series C | Nov 2021 |
| Norsad FinanceVenture Capital | Lead | Debt Financing | Nov 2021 |
| LendableImpact Investor | Lead | Debt Financing | Nov 2021 |
| Admaius Capital PartnersVenture Capital | Lead | Series C | Jun 2022 |
| Equator Capital PartnersVenture Capital | Participant | Series B, Series C | Oct 2018 |
| CommerzVenturesVenture Capital | Participant | Series C | Nov 2021 |
| Allan GrayVenture Capital | Participant | Series C | Nov 2021 |
| Endeavor CatalystVenture Capital | Participant | Series C | Nov 2021 |
| Endeavor South AfricaPrivate Equity | Participant | Series C | Nov 2021 |
| Symbiotics GroupPrivate Equity | Participant | Debt Financing | Jun 2022 |
| Stanbic IBTC BankVenture Capital | Participant | Debt Financing | Jun 2022 |
| Vitruvian PartnersVenture Capital | Participant | Series C | Jun 2022 |
| AXA IM AltsPrivate Equity | Participant | Series C | Jun 2022 |
| AfricInvest FIVEImpact Investor | Participant | Series C | Jun 2022 |
Frequently asked about Onafriq
- How much funding has Onafriq raised?
- Onafriq has raised $215M across 6 disclosed rounds. Its latest, a $100M Series C, was announced on Jun 14, 2022.
- Who has invested in Onafriq?
- Backers include Vitruvian Partners, Admaius Capital Partners, AXA IM Alts, AfricInvest FIVE and 13 others.
Profile updated Source: SLA Startup IndexHow we count →
