Local lenders have gone from building everything in-house to buying the start-ups that outran them.
Browsing: Optasia
On the TechCentral Show: Optasia’s Salvador Anglada on algorithms, Nigeria and lending without collateral.
MTN and Vodacom together move over $1-trillion through mobile money – but their fintech playbooks are diverging.
FirstRand lifted its stake to 26.1% in late March. Now Standard Bank has led a $330-million debt refinancing.
FirstRand has deepened its bet on AI fintech Optasia, spending R1.48-billion to lift its stake to 26.1%.
Optasia sees formal banking as a massive growth opportunity as microfinancing overtakes its airtime advance business.
JSE-listed technology and telecommunications companies generate a combined R2.2-billion in revenue daily.
JSE-listed fintech Optasia has smashed its listing guidance, with revenue up 76% and users climbing 43% to 432 million.
LLH Capital targets high-growth, founder-led businesses with a focus on financial services and telecommunications.
Optasia will list on the JSE at a valuation of R23.5-billion following the closing of its bookbuilding exercise.