MTN is actively targeting fintech startups operating in payments, lending, and remittances as part of a broader strategy to strengthen its platform-led growth across Africa. The telecom group is moving beyond opportunistic investments and focusing on integrating fintech capabilities directly into its digital ecosystem, allowing it to scale services rapidly and reach millions of customers through its existing network.
According to a report by Semafor, MTN is pursuing acquisitions that can enhance its fintech operations, expand customer offerings, and introduce new technological capabilities. This strategy reflects a long-term shift toward building a unified and scalable digital finance platform rather than seeking short-term investment returns or standalone exits.
MTN’s fintech division has already emerged as one of the largest in Africa, with an estimated valuation of around $5.2 billion driven by organic growth and strategic partnerships. The platform operates across more than ten African markets, offering mobile money services, merchant payments, airtime lending, and cross-border remittances.
By integrating fintech startups into its core services, MTN is addressing financial inclusion gaps in regions where access to traditional banking remains limited. The company’s platform-led approach positions it to deepen customer engagement, expand digital financial access, and strengthen its role in Africa’s rapidly growing fintech landscape.
