Onafriq

Onafriq is a private pan African payments company that operates a large omnichannel digital payments network, connecting mobile money wallets, bank accounts, cards, and offline payment channels. It is headquartered in Johannesburg, South Africa, with additional offices across Africa and in the United Kingdom, United States, and China, as confirmed by official company materials. Through its network of networks, Onafriq focuses on enabling interoperable domestic and cross border digital payments and related financial services across African markets. In line with this focus, Onafriq has invested in early stage fintech and insurtech companies in Africa, participating primarily at the Seed and Series A stages. Based on confirmed investment records, Onafriq has backed Numida in Uganda, Julaya in Côte d’Ivoire, and Inclusivity Solutions in South Africa, with activity concentrated between May 2020 and September 2022. These investments reflect a geographic focus on East, West, and Southern Africa and a sector focus on digital financial services, including unsecured business lending, business payments, and embedded mobile insurance. Across these four recorded funding rounds, Onafriq has deployed approximately 12.9 million dollars, co investing alongside a range of regional and international venture capital firms and foundations. Its investment activity complements its core payments infrastructure business, supporting innovative African fintech and insurtech companies that expand access to financial products and services on the continent.