South Africa’s two biggest MVNOs have a lot in common. What separates them is who banks with them.
Browsing: Optasia
JSE-listed fintech Optasia’s own full-year target implies second-half revenue could come in well below the first half.
Airtel Africa’s former CEO is joining the Vodacom Group board, while chairman Saki Macozoma is stepping down.
Local lenders have gone from building everything in-house to buying the start-ups that outran them.
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.