Akin Gump Advises Admaius Capital on Investment in Africa’s Largest E-Payment Network
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(London) – Akin Gump has advised Admaius Capital Partners the lead investor in the $100 million investment in MFS Africa, the largest digital payments network in Africa.
The investment will allow MFS Africa to expand across the continent and integrate into the global digital payment ecosystem. It will also facilitate expansion into Asia through its joint venture with LUN Partners to enable cross-border digital payments between Africa and China as well as MFS Africa’s plans for the BAXI network of merchants and agents in Nigeria and beyond.
To learn more about the transaction, click here.
Akin Gump corporate partner Weyinmi Popo, who led the deal team advising Admaius Capital, said “We are pleased to have acted for Admaius Capital on its maiden investment. The deal illustrates continued international investor interest in the fintech sector in Africa.”
Mr. Popo was assisted by corporate associate Alla Barford. This transaction underscores Akin Gump’s growing knowledge and experience in the fintech space across emerging markets, including Africa.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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