Revolutionising cross-border payments with Onafriq
Originally known as MFS Africa, Onafriq’s mission is to make money transfers in Africa easier. Onafriq’s technology connects millions of people in African and beyond, making them a leader in the digital payments market and major driver of financial inclusion.
Financial Services
Impact Indicators
2,872,000
End users
77
Countries served
+ 500M
Connected mobile wallets
468,585
Agents
1300
Cross-border payment corridors
Overcoming barriers to international transfers
Onafriq addresses the biggest challenges of transferring money across borders in Africa: different banks and mobile money systems don’t work well together, creating inefficiency, delays and added costs. Onafriq’s systems reduce the hassle and expense of cost-border transactions.
Why Goodwell invested
Onafriq’s mission aligns with our commitment to building inclusive financial systems as a foundation for inclusive economic growth. Recognising the need for diverse and affordable financial services in Africa, Onafriq is a key player in providing accessible alternatives for remittances, micro-lending, microinsurance, micro-savings, and payments.
Recent achievements and future ambitions
As a leader in the African fintech space, Onafriq has consistently demonstrated its ongoing commitment to innovation. Dare Okoudjou, founder and CEO of Onafriq, was honored with the 2023 Lifetime Achievement Award at the CIO Awards Africa. Additionally, Onafriq was selected Fintech of the Year by African Banker Magazine, further solidifying their position as a trailblazer in the industry.
Unleashing Possibilities in a Borderless Africa
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“We are the engine behind the transaction, we are the switch that make those transactions not only possible, but real-time, seamless and affordable. While we are deeply rooted in Africa our aspiration has always been global and and our mission is not only to connect Africans and African businesses to each other but also to the rest of the world.”
Dare Okoudjou, Founder & CEO Onafriq
