“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.
06/03/2020 at 16h49, by Africa Business+
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.
Recommended articles
New technologies
18/04/2023 at 16h49, by Africa Business+
IFC provides further support for TerraPay with $90 million
Supported by Partech Africa, the IFC and Prime Ventures, the payment infrastructure start-up has just...
Bank & Insurance
26/08/2022 at 16h55, by Africa Business+
TerraPay prepares a new round of financing after attracting Partech and Prime Ventures
The fintech specialising in money transfers wants to continue its expansion in emerging markets.
Capital Market & Private Equity
08/07/2021 at 19h16, by Africa Business+
Partech Africa’s staff
The fund focused on the continent is one of the most active in the digital economy. Jeune Afrique Business+...
New technologies
31/05/2021 at 14h06, by Africa Business+
Edtech Almentor raises $6.5 million to develop its online courses in the Maghreb and the Middle East
This is the third round of funding the Dubai-based start-up, with offices in Cairo, has completed since...
New technologies
30/03/2021 at 20h11, by Africa Business+
Tugende hits $10 million in fundraising thanks to Partech and Enza Capital
According to Jeune Afrique Business + sources, the two venture capitalists took part in an extension...
Logistics
16/03/2020 at 14h32, by Valentin Grille
Newtown Partners backs Imperial Logistics with a $20 million fund
The South African logistics giant is looking to invest in start-ups that are likely to revolutionise...