{"id":621940,"date":"2026-08-05T14:55:16","date_gmt":"2026-08-05T14:55:16","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/621940\/"},"modified":"2026-08-05T14:55:16","modified_gmt":"2026-08-05T14:55:16","slug":"multichoice-fintech-unit-moment-raises-over-r360m-to-expand-african-payments","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/621940\/","title":{"rendered":"MultiChoice fintech unit Moment raises over R360m to expand African payments"},"content":{"rendered":"

MultiChoice-affiliated fintech startup Moment has raised more than R360m in fresh funding that it will use to expand its technology while pushing to grow further on the African continent. <\/p>\n

Moment first gained public attention in May 2023 when MultiChoice<\/a> joined mobile operators, including Vodacom and MTN, in turning to financial services and digital payments as a way to grow revenue outside its traditional business.<\/p>\n

At the time, the DStv operator unveiled it as a new division that would process and aggregate payments across the African continent. Moment still facilitates payments for DStv\u2019s subscription services. <\/p>\n

On Tuesday, the company announced the close of a $22m (about R361.8m) Series A funding round, led by AlphaCode Venture Partners, with continued investment from General Catalyst, MultiChoice and fresh investment from the DStv operator\u2019s new owner, Canal+<\/a>.<\/p>\n

Since inception, Moment has raised $55m to develop payment infrastructure businesses, offering a range of payment collection and revenue retention solutions to corporate and enterprise merchants. <\/p>\n

The company said it will use the additional funding from this latest round to deepen its network, enhance its platform and accelerate expansion across Africa.<\/p>\n

The platform was initially billed as a joint venture with Rapyd, a payments platform that inserts fintech services into any app and simplifies the complex offering of local payment methods. <\/p>\n

At the core of its strategy, Moment is looking to offer a unified payments platform that helps businesses across Africa accept payments, regardless of the payment method. <\/p>\n

\u201cMoment offers billers and merchants such as insurers and subscription platforms an unrivalled suite of collection tools, including recurring payments, customer outreach tools, failed payment recoveries across digital and in-person channels, and the ability to directly link Moment to their enterprise billing systems,\u201d said the company. <\/p>\n

For consumers, the platform allows customers to pay with any locally preferred payment method, spanning cards, mobile money, real-time bank transfers, eWallets, recurring bank debits, and in-person payments.<\/p>\n

Moment CEO Joel Yarbrough said: \u201cWithin three years of launch, we are processing for 10-million people a month across some of Africa\u2019s leading brands. We support the full spectrum of locally preferred digital payment methods as well as an in-person acceptance network spanning over two million physical locations.<\/p>\n

\u201cOur platform is highly resilient, and we process 600,000 transactions a day despite power and connectivity problems that plague the market. We\u2019ve built a platform that can deliver on the particular challenges of the African market and help businesses get paid faster and at lower cost.\u201d<\/p>\n

Thomas Follin, chief diversification officer at Canal+, said: \u201cFollowing Canal+\u2019s acquisition of MultiChoice, we took a close look at Moment, and we were genuinely impressed. Moment has driven down cost and improved quality simultaneously. The business provides world-class technology for enterprise-grade subscription and billing customers that operate in Africa.<\/p>\n

\u201cTogether we see a compelling opportunity to expand digital financial access across the continent,\u201d he said.<\/p>\n

Business Day<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"MultiChoice-affiliated fintech startup Moment has raised more than R360m in fresh funding that it will use to expand…\n","protected":false},"author":2,"featured_media":621941,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[257],"tags":[262741,53169,18,18421,19,17,279,33556,53170,116536,82],"class_list":["post-621940","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-alphacode-venture-partners","tag-canal","tag-eire","tag-fintech","tag-ie","tag-ireland","tag-mobile","tag-moment","tag-multichoice","tag-series-a","tag-technology"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/117043483619471669","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/621940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=621940"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/621940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/621941"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=621940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=621940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=621940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}