# Onafriq

**Source:** https://www.startuphub.ai/startups/onafriq
**Profile type:** Startup

> A fintech company providing digital payment solutions across Africa.

## About

Onafriq is Africa's largest digital payments gateway, providing a real-time payments network that connects businesses to over 1 billion mobile wallets across the continent. The company offers services like collections, disbursements, and card issuance, enabling enterprises, financial institutions, mobile network operators, and government organizations to scale their digital payment strategies and reach new customer segments. Onafriq aims to transform lives by making payments simple and accessible, overturning injustices and rendering borders insignificant.

## Key facts

- **Slug:** onafriq
- **Website:** https://onafriq.com/
- **Location:** Nairobi, Kenya
- **Founded:** 2021
- **Employees:** 710
- **Operating status:** Active
- **Total funding:** $202M
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/mfs-africa
  - Twitter: https://twitter.com/Onafriq
  - Facebook: https://www.facebook.com/MFS-Africa-155128904550339

## Frequently asked

### What does Onafriq do?

Onafriq is Africa's largest digital payments gateway, providing a real-time payments network that connects businesses to over 1 billion mobile wallets across the continent. The company offers services like collections, disbursements, and card issuance, enabling enterprises, financial institutions, mobile network operators, and government organizations to scale their digital payment strategies and reach new customer segments. Onafriq aims to transform lives by making payments simple and accessibl…

### What is Onafriq's valuation?

StartupHub estimates Onafriq's effective valuation at $816.5M (range $505.0M to $1.2B, 10% confidence), based on comparable companies in the sector.

### How much funding has Onafriq raised?

Onafriq has raised a total of $202M in funding. The most recent round on record is Series C.

### Where is Onafriq headquartered?

Onafriq is headquartered in Nairobi, Kenya.

### When was Onafriq founded?

Onafriq was founded in 2021.

### How many employees does Onafriq have?

Onafriq has approximately 710 people on record.

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