Industry Newsroom

IFC, Partech, and Prime Ventures Invest USD9.6m in Fintech TerraPay Following Acquisition

A consortium of investors including the International Finance Corporation, Prime Ventures, and Partech Africa invested USD9.6m in mobile payment company TerraPay. The capital injection came after Prime Ventures, Partech Africa, and company management acquired TerraPay for an undisclosed amount. TerraPay was incubated by India’s Comviva and has operations in Africa, Asia, and Europe. Read more