Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Chinese investor and Goodwell Investments back MFS Africa to speed business transactions



ImpactAlpha, April 25 – China’s LUN Partners Group said it is backing the digital payments company “to substantially boost cross-border trade and open up new opportunities for Chinese as well as global firms” by making business transactions easier across the continent. Lun and Dutch impact investor Goodwell Investments invested $4.5 million in MFS Africa to to make it easier for customers to make digital payments by connecting mobile money and mobile banking systems to each other. MFS has a customer base of 170 million people across Africa.

  • The inclusion angle… Goodwell Investments, which recently raised €20 million towards a €100 million African financial-inclusion fund, invested in Nigerian fintech firm Oradian in March.
  • Chinese interest… MFS Africa says LUN’s investment is the first by a Chinese investor in an African fintech firm.

You might also like...