Lun Partners and Goodwell Investments invested $4.5 million in MFS Africa
Thursday, 19 April 2018 18:03
Lun Partners, a Chinese investment group, and Goodwell Investments, as well as several investors, jointly invested $4.5 million in MFS Africa, a Pan-African technology company.
The latter which operates one of Africa’s largest digital payment networks announced that it will cooperate with Lun Partners to help Asian (especially Chinese) companies, with a particular focus on FinTech and e-commerce firms, offer services in Africa to boost the continent’s financial inclusion through the monetization of digital services.
“China is home to some of the most exciting and fastest growing technology firms in the world, and Africa is the birthplace of mobile money […] MFS Africa has spent years connecting these mobile money services to create one Pan-African network which can substantially boost cross-border trade and open up new opportunities for Chinese as well as global firms,” said Peilung Li, Founder and Chairman of LUN Partners Group.
Chamberline Moko
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