Row rect Shape Decorative svg added to bottom Taking African fintech to global capital markets Absa | Corporate and Investment Banking > Insights and Events > Taking African fintech to global capital markets SHARE Airtel Money recently completed the largest African fintech IPO to date. Its mobile-money platform serves 56.7 million active users across 13 African markets. Airtel Money’s GBP 529 million IPO and London Stock Exchange listing broadens access to international investors, increases market visibility and establishes a public-market platform from which the business can pursue its strategic objectives. Airtel Money is the largest company to complete an IPO in London since 2021 (excl. dual listings) and the largest African fintech IPO to date. It also brings greater visibility to the future potential of Africa’s digital-finance sector. Absa Corporate and Investment Banking acted as Joint Bookrunner, supporting investor engagement and transaction execution. This transaction included IFC as the sole cornerstone investor for a GBP 67 million investment. With a broader international investor base and a listed platform, Airtel Money is positioned to pursue its next phase while continuing to advance digital financial services across Africa. For more information contact: Hasnen Varawalla (UK) Samira Hassanally (ZA) Adesoji Solanke (UK) https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa supports Cape Town Investments 101 (Pty) Ltd’s acquisition of North Ridge Mall Absa Corporate and Investment Banking has successfully supported Cape Town Investments 101 (Pty) Ltd, in the acquisition of North Ridge Mall through an Shari’ah-compliant financing solution. Read more DEALS Absa supports V&A Waterfront’s sustainable growth ambitions Absa Corporate and Investment Banking has supported the V&A Waterfront’s next phase of development through a R2.25 billion syndicated financing facility. Read more DEALS Absa supports Safaricom Ethiopia’s next phase of growth and digital transformation A tailored financing solution enabling network expansion, digital infrastructure investment and greater financial inclusion across Ethiopia. Read more
