“TerraPay aims to cover the entire continent and up to 200 countries in total” (Cyril Collon, Partech)

 “TerraPay aims to cover the entire continent and up to 200 countries in total” (Cyril Collon, Partech)

Indian mobile services giant Comviva is selling its majority stake in its payment platform TerraPay. The trio of investors Prime Ventures, Partech Africa and IFC are contributing $9.6m for the deal.

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            ▪  “TerraPay aims to cover the entire continent and up to 200 countries in total” (Cyril Collon, Partech)

▪ Indian mobile services giant Comviva is selling its majority stake in its payment platform TerraPay. The trio of investors Prime Ventures, Partech Africa and IFC are contributing $9.6m for the deal.

https://www.africabusinessplus.com/en/803374/lobjectif-est-que-terrapay-couvre-la-totalite-du-continent-et-jusqua-200-pays-au-total-cyril-collon/

Indian mobile services giant Comviva ($4.5bn capitalisation) has recently divested from its spin-off TerraPay, a payment infrastructure based in the Netherlands. The transaction, the amount of which remains confidential, was carried out by a trio composed of Partech Partners, Prime Ventures and IFC, the lead institution on the deal. Within the scope of the operation, the three investors also decided to inject $9.6m million for the development of the payments solution.

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