MTN is actively pursuing fintech startups in payments, lending, and remittances as part of a strategic effort to expand its digital financial ecosystem across Africa. The telecom giant is shifting from opportunistic investments to platform-driven growth, integrating startups directly into its services to reach millions of users more efficiently.
A report by Semafor notes that MTN is targeting acquisitions that can accelerate its fintech operations, strengthen customer offerings, and add new capabilities to its platform. This approach reflects a move away from short-term financial exits toward building a scalable, integrated digital finance network across the continent.
The company’s fintech division is already one of Africa’s largest, valued at approximately $5.2 billion through organic expansion and strategic partnerships. Operating in more than ten countries, MTN’s platform handles mobile money transfers, merchant transactions, airtime lending, and cross-border remittances, filling gaps in regions with limited traditional banking access.
