AfricInvest’s Financial Inclusion Vehicle (AfricInvest FIVE) has announced its investment in MFS Africa as part of the company’s $100 million equity and debt financing round.

MFS Africa is a pan-African digital payment hub that enables low-cost payments across Africa and beyond, connecting more than 320 million mobile money wallets through its platform. Partnering with mobile money operators, banks, money transfer operators, large corporations and a growing number of SMEs, MFS is h...