Company Information

Get to know MFS Africa

Founded in 2009 by Dare Okoudjou, MFS Africa (which has rebranded to Onafriq) built the largest digital payments hub on the continent. Its mission is to make borders matter less for payments in Africa. The company's full-service, one-API platform connects over 500 million mobile money wallets, more than 200 million bank accounts, and over 400,000 agents across 40+ African countries. It enables a wide range of B2B services, allowing mobile network operators, money transfer organizations, banks, non-bank financial institutions, and global merchants to send and receive payments to and from the continent's fragmented digital payment landscape.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

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MFS Africa

South Africa

Founded in

Jun 2009 (17 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.