Maviance: a cameroon based company raises 3m to digitize financial services across central Africa

Maviance, a Cameroon-based company providing digital financial services like agency banking and bulk bill payments, has raised $3 million in equity financing. The investment is solely from MFS Africa, the cross-border fintech company connecting mobile money providers like MTN to banks like Ecobank across over 34 countries in Africa. MFS Africa’s investment gives it an undisclosed minority stake in Maviance. Maviance’s flagship product is Smobilpay, a platform that integrates payments solutions from banks, mobile money operators and telecoms operators. Smobilpay is connected to GIMAC, the interoperability switch of the Bank…

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