Optasia, a Dubai fintech with 121 million users, plans a $375 million IPO on South Africa’s JSE to expand financial inclusion.

Optasia, a Dubai-based fintech company using AI to provide financial services in 38 countries, plans to list on South Africa’s Johannesburg Stock Exchange, raising up to $375 million (6.3 billion rand) through an IPO and private placement. The company, which serves around 121 million monthly active users with micro-financing and mobile airtime credit, aims to expand its reach in underserved markets. Founded in 2012 and backed by Ethos Capital, it operates across Africa, the Middle East, and Asia, partnering with major mobile operators like MTN, Vodacom, and Airtel. The listing is intended to fuel growth, boost global visibility, and support innovation in financial inclusion.