Optasia is about to hand the JSE its largest listing of 2025!
Optasia is a Dubai-based AI fintech leader, transforming financial access for millions in underserved regions. Founded by Bassim Haidar, it uses advanced data analytics and machine learning to offer micro-lending, airtime credit, and real-time credit scoring – all through mobile phones.
Partnering with telecom giants like MTN, Airtel, and Vodacom, Optasia reaches over 121 million users monthly across 38 countries, mostly in Africa, Asia, and Latin America. Its platform empowers the unbanked with instant, affordable credit – no bank account needed.
Reports state that Optasia concluded a private placing of more than 342 million shares at R19 a share to the value of R6.5 billion.
The offer price indicates a market capitalisation of R23.5 billion
FirstRand Acquired a 20.1% stake
And the company is also backed by Michael Jordaan’s Chronos Capital.
Of all the exchanges across 38 countries, Optasia chose South Africa. A huge vote of confidence for South Africa’s financial markets!
Another win for South Africa!
What are your thoughts on this listing?
