Financial technology is a major force shaping the financial industry in Africa. New technologies are being developed and implemented in Africa with the potential to reshape the competitive landscape in the African Financial Sector. Today, FinTech industry in Africa is, improving financial inclusion and serving as a catalyst for innovation in other sectors. 52% of the world’s mobile transactions take place to and from Africa.
Safyr Capital acted as lead transaction advisor and listing sponsor for the listing 22, 000, 000 ordinary shares on the SEM for the value of USD 22 M to a company that operates within the Fintech industry within sub-saharan Africa. The company was established with the strategic intention to invest and act as a catalyst in the consolidation of niche businesses providing managed outsourced account hosting, electronic transaction processing and ancillary services to the financial services industry.
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