Airtel Money Aims for $9 Billion Valuation With London Listing
The African fintech plans to list existing shares on the London Stock Exchange, not raise new capital.
Airtel Money, a prominent African digital financial services platform, is preparing for a listing on the London Stock Exchange, aiming for a valuation of approximately $9 billion. The company intends to list existing shares, a move that will not involve raising new capital.
The planned listing on the LSE is a significant step for the fintech, highlighting its growth and ambition within the rapidly expanding African digital payments market. Airtel Money operates across numerous African countries, offering a range of mobile money services that include payments, transfers, and savings.
This move underscores the increasing interest from international investors in African technology and financial services companies. The valuation target of $9 billion reflects the substantial growth and potential seen in the continent's mobile money sector, which plays a crucial role in financial inclusion for millions of people who may not have access to traditional banking services.