AI-driven fintech company Optasia, partly owned by Ethos Capital, has announced plans to list on South Africa’s Johannesburg Stock Exchange to raise up to 6.3 billion rand (approximately $375 million). The company aims to achieve this through a combination of new and existing share sales.
According to the company’s statement, Optasia will raise about 1.3 billion rand through an initial public offering while also conducting a private placement worth at least 5 billion rand for existing shareholders.
“An IPO will allow us to accelerate our growth, raise our visibility as a leading global fintech and continue innovating to expand financial opportunity where it is needed most,” said CEO Salvador Anglada.
Headquartered in Dubai, Optasia offers AI-powered financial services such as micro-financing and mobile airtime credit to people who often lack access to traditional banking systems. The company primarily operates in emerging markets across Africa, the Middle East and Asia.
Founded in 2012, Optasia currently serves about 121 million monthly active users and processes more than 32 million loan transactions every day. Its major distribution partners include leading mobile operators such as MTN, Vodacom and Airtel.
The planned listing highlights Optasia’s ambition to strengthen its market position, enhance investor confidence and accelerate its expansion into new territories. By leveraging artificial intelligence and data analytics, the company aims to continue bridging financial inclusion gaps in underserved regions.
If successful, this listing could become one of the largest fintech IPOs on the Johannesburg Stock Exchange in recent years, marking a major milestone in Africa’s growing digital finance ecosystem.
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