Africa-focused fintech company Optasia has reported revenue of $185.3 million, up 58%, as its lending and microfinancing operations continued to expand.
The company said the value of loans and other income disbursed rose to about $3.5 billion, while microfinancing revenue increased sharply and now accounts for most of its turnover. Adjusted earnings before interest, tax, depreciation and amortisation reached $77.9 million. Optasia has also been expanding merchant-financing services in markets including Ghana and Uganda, with further African launches planned.
Source: Moneyweb
