Optasia gears up for JSE listing and R6.3bn capital raise for further expansion

OPTASIA, a leading fintech in emerging markets, has set its sights on a primary listing on the Johannesburg Stock Exchange (JSE) while announcing a substantial R6.3 billion capital raise through a share offer.

- EDWARD WEST

The Dubai-based fintech, founded in 2012 by Nigerian-Lebanese entrepreneur Bassim Haidar, aims to enhance its liquidity, introduce new shareholders, and bolster its market profile with this initiative.

In an announcement made on Wednesday, Optasia outlined that the primary goal behind this capital raise and subsequent listing is to facilitate both organic and acquisitive growth.

"Today marks an important milestone for Optasia as we take a crucial step towards becoming a publicly listed company. From a single-country operation to one of the world's largest fintechs of its kind, we've built a profitable, capital-light business that continues with the purpose to scale," stated Optasia CEO Salvador Anglada, highlighting the company's impressive growth trajectory.

With a network that spans 38 countries and boasts over 121 monthly active users, Optasia is not just about numbers; it's about transformation.