# MFS Africa

> MFS Africa is a VC fund in Johannesburg backing FinTech and Mobile. See 9 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Johannesburg, South Africa
- Total investments: 9
- Last investment: Sep 2022
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/mfs-africa
- X (Twitter): https://www.twitter.com/mfs_africa
- Website: http://mfsafrica.com
- Facebook: https://www.facebook.com/MFS-Africa-155128904550339

MFS Africa is a VC fund in Johannesburg focused on FinTech and Mobile. MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.

## Contacts

5 contacts available for MFS Africa. Shizune tracks 3 team members at MFS Africa. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/mfs-africa?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $562k–$7.3M |
| Series A | $1.3M–$2M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 3 | 33% |
| Mobile | 2 | 22% |
| Insurance | 2 | 22% |
| Mobile Payments | 2 | 22% |
| Financial Services | 2 | 22% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 44% |
| Series A | 2 | 22% |
| Funding Round | 1 | 11% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 1 | 11% |
| Uganda | 1 | 11% |
| Germany | 1 | 11% |
| South Africa | 1 | 11% |
| The Netherlands | 1 | 11% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Dare Okoudjou | Founder & CEO | 7 | https://shizune.co/investors/profile/dare-okoudjou |
| Luke Kyohere | Chief Product Officer | 0 | https://shizune.co/investors/profile/luke-kyohere |
| Rachel Balsham | Managing Director, Emerging Enterprise | 0 | https://shizune.co/investors/profile/rachel-balsham |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Numida | Numida is a rapidly growing digital financial institution in East Africa serving micro- and small businesses. Thanks to our proprietary credit score, and digital credit operations we provide unsecured growth and working capital to businesses, resulting in high portfolio yields and a high impact on our borrowers’ livelihoods. | $7.3M | Seed | Sep 28, 2022 |  |
| Julaya | Julaya is a fintech providing African businesses with a digital account to make payments : disbursing mobile money transactions to their employees, suppliers, and owning their own virtual and physical prepaid cards. By digitizing their operations on the Julaya platform, businesses have access to digital loans. | $2M | Series A | Jul 21, 2021 |  |
| Julaya | Julaya is a fintech providing African businesses with a digital account to make payments : disbursing mobile money transactions to their employees, suppliers, and owning their own virtual and physical prepaid cards. By digitizing their operations on the Julaya platform, businesses have access to digital loans. | $2M | Seed | Jul 21, 2021 |  |
| maviance | Maviance is a German-based consulting (business and IT) and software development company that develops industry-specific for web and mobile applications for businesses and governments. It creates sustainable and customized solutions to meet the requirements of customers by combining its industry experience with solution-oriented skills of businessre-design, concept, project management, programming, and testing.Our commitment to excellence and sustainability is evident in suite of innovative and scalable smart mobile enterprise applications in industries like Microfinance, Metering, Insurance and Sales Automation. Each of our applications consists of a web-based back office server, mobile clients and APIs for SMS, mobile billing, mobile payment and integration into existing systems. Maviance serves clients in the financial services, telecommunications and public sectors, increasing productivity, reducing costs and improving their management capabilities. Founded in 2008, maviance GmbH is headquartered in Leipzig, Germany. | $3M | Seed | May 11, 2021 |  |
| maviance | Maviance is a German-based consulting (business and IT) and software development company that develops industry-specific for web and mobile applications for businesses and governments. It creates sustainable and customized solutions to meet the requirements of customers by combining its industry experience with solution-oriented skills of businessre-design, concept, project management, programming, and testing.Our commitment to excellence and sustainability is evident in suite of innovative and scalable smart mobile enterprise applications in industries like Microfinance, Metering, Insurance and Sales Automation. Each of our applications consists of a web-based back office server, mobile clients and APIs for SMS, mobile billing, mobile payment and integration into existing systems. Maviance serves clients in the financial services, telecommunications and public sectors, increasing productivity, reducing costs and improving their management capabilities. Founded in 2008, maviance GmbH is headquartered in Leipzig, Germany. |  |  | May 11, 2021 |  |
| Numida | Numida is a rapidly growing digital financial institution in East Africa serving micro- and small businesses. Thanks to our proprietary credit score, and digital credit operations we provide unsecured growth and working capital to businesses, resulting in high portfolio yields and a high impact on our borrowers’ livelihoods. | $2.3M | Seed | Apr 13, 2021 |  |
| Inclusivity Solutions | Inclusivity Solutions are experts in creating inclusive digital insurance markets. We apply global experience and best practice to help mobile operators, insurers and other partners deliver sustainable insurance solutions for emerging consumers. We specialise in expanding markets to include unserved and underserved consumers to help protect themfrom shocks that can have devastating long-term financial consequences. It is estimated that up to 98% of people in emerging markets are unprotected from risks such as accidents, illness, death, natural disasters, and crop destruction. However, traditional insurance products, distribution models, and administration processes are ill-suited and uneconomical for serving these emerging consumers. Inclusivity Solutions delivers insurance solutions that meet the needs of emerging consumers and leverage the ubiquity of digital channels, such as mobile phones, to reach the greatest number of people. We provide the strategy, product and process design, implementation support, and platforms to not only introduce and grow digital insurance solutions, but also to build sustainable inclusive insurance markets. Inclusivity Solutions is backed by Reinsurance Group of America, Incorporated (NYSE: RGA); a leader in the global life reinsurance industry. RGA serves clients from operations in 26 countries around the world, delivering expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development. | $1.3M | Series A | May 28, 2020 |  |
| EzyAgric | EzyAgric is an ag-tech company creating endless farming possibilities by providing better production, marketing and financial services to farmers and agribusinesses.Through its EzyAgric mobile and web app, farmers can access; genuine agro-inputs, infographic extension advisory content, GPS garden mapping, farm records management, profitable andconsistent markets and financial services. | $562.5K | Seed | Mar 03, 2020 |  |
| EzyAgric | EzyAgric is an ag-tech company creating endless farming possibilities by providing better production, marketing and financial services to farmers and agribusinesses.Through its EzyAgric mobile and web app, farmers can access; genuine agro-inputs, infographic extension advisory content, GPS garden mapping, farm records management, profitable andconsistent markets and financial services. |  | Seed | Aug 22, 2019 |  |

9 of 9 investments shown.

## Co-investors
- [onafriq](https://shizune.co/investors/profile/onafriq) — VC Fund, 5 deals together
- [Launch Africa](https://shizune.co/investors/profile/launch-africa) — VC Fund, 3 deals together
- [50 Partners](https://shizune.co/investors/profile/50-partners) — VC Fund, 2 deals together
- [Orange Ventures](https://shizune.co/investors/profile/orange-digital-ventures) — VC Fund, 2 deals together
- [Saviu Ventures](https://shizune.co/investors/profile/saviu-ventures) — VC Fund, 2 deals together
- [4Di Capital](https://shizune.co/investors/profile/4di-capital) — VC Fund, 1 deal together

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## FAQ

### What does MFS Africa invest in?

MFS Africa invests primarily in FinTech, Mobile and Insurance startups, most often at Seed and Series A stage. Most of the 9 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is MFS Africa's check size?

MFS Africa typically joins rounds of $562k–$7.3M at Seed and $1.3M–$2M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds MFS Africa participates in.

### How do I contact MFS Africa?

Public channels for MFS Africa include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at MFS Africa?

The team at MFS Africa includes Dare Okoudjou (Founder & CEO), Luke Kyohere (Chief Product Officer) and Rachel Balsham (Managing Director, Emerging Enterprise). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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