# MTN Group Fintech: Finance, Johannesburg, South Africa

> MTN Group Fintech: MTN Group Fintech operates as a financial-technology company. Based in Johannesburg, South Africa. Founded 1994.

Source: https://millionrounds.com/startup/mtn-group-fintech (Millionrounds; every figure on the page links to its filing or article)

South Africa · [Finance startup](https://millionrounds.com/companies)

# MTN Group Fintech

MTN Group Fintech operates as a financial-technology company.

Funding reported Last round: Corporate round

Finance Johannesburg, South Africa

Company summary

- **Founded:** 1994 32 years old
- **Team:** - not reported
- **Funding reported:** 3.8B as listed, currency not stated
- **Last round:** Corporate round Aug 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for MTN Group Fintech has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## What company datasets say MTN Group Fintech raised

Funding, as reported

Reported in all **3.8B** in the source's currency

Rounds **1**

Last round **Corporate round**

Last round date **Aug 2023**

Investors listed **1**

Valuation **$5.0B, Oct 2024**

## Founders and team

From MTN Group Fintech's own website: 25 on the team.

- **Ferdi Moolman** Chief Executive Officer, MTN South Africa
- **Mazen Mroué** Chief Executive Officer: MTN Group Digital Infrastructure
- **Ralph Mupita** Group President and Chief Executive Officer
- **Serigne Dioum** Chief Executive Officer: MTN Group Fintech
- **Charles Molapisi** Group Chief Technology and Information Officer
- **Lele Modise** Group Chief Legal and Regulatory Affairs Officer
- **Lwazi Bam** Group Chief Risk Officer
- **Mitwa Ng’ambi** Group Chief People and Culture Officer
- **Nompilo Morafo** Group Chief Sustainability and Corporate Affairs Officer
- **Selorm Adadevoh** Group Chief Commercial, Strategy and Transformation Officer
- **Tsholofelo Molefe** Executive Director: Group Chief Financial Officer
- **Dr Khotso Mokhele** Independent Non-Executive Director
- **Galetlane Juliana Rasethaba** Independent Non-Executive Director
- **Herman Bosman** Independent Non-Executive Director
- **Ignatius Sehoole** Independent Non-Executive Director
- **Lamido Sanusi** Independent Non-Executive Director
- **Mcebisi Jonas** Independent Non-Executive Chairman
- **Nicky Newton-King** Independent Non-Executive Director

And 7 more on the team.

## On a portfolio page

Investors who name them

- [UNIPALM INVESTMENT HOLDINGS](https://millionrounds.com/fund/unipalm-investment-holdings)

Each firm lists MTN Group Fintech on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## Finance in South Africa

Startups like it

- [**Pelagic Resources Group** Randburg · founded 2016](https://millionrounds.com/startup/pelagic-resources-group)
- [**MobiLife** founded 2015](https://millionrounds.com/startup/mobilife)
- [**Hewett Wealth** founded 2016](https://millionrounds.com/startup/hewett-wealth)
- [**Bridge Mobile Payments** Sandton · founded 2019](https://millionrounds.com/startup/bridge-mobile-payments)
- [**FinHound** founded 2017](https://millionrounds.com/startup/finhound)
- [**Just SA** founded 2015](https://millionrounds.com/startup/just-sa)
- [**Kenote Finance** founded 2016](https://millionrounds.com/startup/kenote-finance)
- [**Central Invoice Fund** founded 2012](https://millionrounds.com/startup/central-invoice-fund)

## Is this your company?

Add your raise, your deck and your story, and put MTN Group Fintech in front of investors. Or tell us what we have wrong.

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