UAE fintech Optasia hires Moelis for potential sale, IPO

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Dubai: UAE-based Optasia is weighing strategic choices, together with a sale or preliminary public providing within the Center East, folks with information of the matter mentioned.

The monetary know-how startup has appointed Moelis & Co. as an adviser, the folks mentioned, asking to not be recognized discussing confidential info.

Deliberations are ongoing and no last choices have been taken, in accordance with the folks. Optasia might additionally determine to pursue a pre-IPO fundraising forward of a future itemizing, they mentioned.

Representatives for Optasia and Moelis declined to remark.

Based in 2012, Optasia gives companies reminiscent of airtime, information, real-time credit score scoring and micro-loans. It serves prospects in additional than 30 nations, with a deal with rising markets in Sub-Saharan Africa, the Center East, Asia and Latin America, in accordance with its web site.

Optasia’s founder and CEO Bassim Haidar mentioned in an interview in September that the agency could contemplate a twin itemizing on Africa’s largest bourse in Johannesburg and in both London or Dubai this yr. The corporate has been backed by buyers Ethos Capital Companions, Growth Companions Worldwide and Waha Capital.



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