onafriq

MFS Africa, operating under the brand name onafriq, is the leading mobile money interoperability platform in Africa, connecting mobile network operators on the continent through a single API. The company's slogan, "Connecting Africa's mobile networks through a single API for seamless digital payments and remittances," encapsulates its core mission. Established in 2009, MFS Africa operates in the Financial Services, Fintech, and Payments industries. The company's latest financial milestone includes a Debt Financing investment on 14 June 2022, with contributions from Symbiotics Group and Stanbic IBTC Bank. This injection of capital augments the company's potential to continue innovating and expanding its services. In addition to facilitating mobile remittances, the MFS Africa API supports a spectrum of financial transactions including merchant payments, bulk payments, bank-to-wallet transfers, and a comprehensive range of cross-border digital payment services. The firm's strategic positioning within the vast and dynamic African market, coupled with its innovative approach to digital payments and remittances, underscores its potential for growth and impact. MFS Africa's unique value proposition and its ability to collaborate with prominent financial entities make it a noteworthy player in the fintech landscape, with compelling prospects for sustained success.