South Africa: Development Partners International’s portfolio company Optasia completes IPO
Since DPI’s investment, Optasia has evolved from a regional mobile lending platform into a global AI-led fintech.
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Development Partners International (DPI), an investment firm focused on Africa, has announced the successful initial public offering (IPO) of its portfolio company Optasia on the Johannesburg Stock Exchange.
The IPO attracted strong demand from a wide-range of investors. The listing raised approximately R6.3 billion (about $375 million) and Optasia achieved a R19.00 per share listing price, implying a market capitalisation of R24.5 billion (about $1.4 billion).
Since DPI’s investment, Optasia has evolved from a regional mobile lending platform into a global AI-led fintech operating across 38 countries.
James Griffiths, partner at Development Partners International, commented: “We are proud to have partnered with Optasia as it enters this exciting new chapter. DPI congratulates Optasia’s exceptional team on scaling a pioneering, technology-driven business into a global fintech platform and successfully concluding this landmark IPO. By harnessing AI to extend access to financial services for underserved populations, Optasia continues to demonstrate how innovation and impact can go hand in hand.”
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The transformation from a regional mobile lending platfom to a global AI-led fintech operating across 38 countries is impressive. The strong demand at IPO and the $1.4B market cap shows real confidence in their model. Using AI to extend financal access to underserved populations is exactly the kind of innovation that creates both commercial value and meaningful impact. Congrats on the successful listing.