AI Fintech Optasia Aims to Raise $375 Million in South African ...

AI Fintech Optasia Aims to Raise $375 Million in South African ...

AI fintech Optasia eyes South Africa IPO

AI-powered fintech company Optasia plans to raise $365 million by selling shares in South Africa and using the proceeds to acquire new companies amid growing demand for digital financial services, Bloomberg reported. The Dubai-based firm — which operates in 38 countries, mostly in Africa, Asia, and the Middle East — uses AI to assess creditworthiness in order to offer microloans and cash advances to underbanked customers. It operates through mob…

Bassim Haidar plans $365 million IPO in South Africa with AI Fintech Optasia

Bassim Haidar, founder of the AI-based fintech firm Optasia, is steering the company toward what could be South Africa’s biggest initial public offering in a year, betting that demand for digital finance will power its next phase of growth across emerging markets.The Dubai-based company plans to raise as much as 6.3 billion rand ($365 million) through a combination of an IPO and private placements. The offering will include new shares worth 1.3 …

Optasia to Raise $365M in Johannesburg IPO to Fuel Global Expansion

Dubai-based fintech Optasia plans to raise 6.3 billion rand ($365 million) in South Africa as it prepares to expand its global footprint and pursue acquisitions amid growing demand for digital finance. What they’re saying: “The idea is to fuel our growth; we are also looking at geographical diversification outside of Africa, and in Asia and […]

Dubai-based fintech firm Optasia eyes JSE listing

The proposed listing aims to provide the company with access to capital to support its expansion, both organically and through potential future acquisitions.