About MTN
MTN is a company based in Johannesburg (South Africa) founded in 1994. It operates as a API-as-a-Product, Subscription Services, and FinTech. MTN has raised $7.05 million across 14 funding rounds from investors including Mastercard, Citi and Access Bank. MTN has completed 7 acquisitions, including Afrihost, Investcom and JSI Store Fixtures. MTN offers products and services including Fintech Solutions, Digital Services, Enterprise Services, Network as a Service, and API Marketplace (Chenosis). MTN operates in a competitive market with competitors including Jio, Airtel, SK Telecom, Optus and Telecom Italia, among others.
- Headquarter Johannesburg, South Africa
- Stage Public
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Sectors
Telecommunications
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Mtn Group Management Services (Pty) Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.05 M (USD)
in 14 rounds
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Latest Funding Round
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Investors
Mastercard
& 32 more
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Employee Count
Employee Count
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Investments & Acquisitions
Afrihost
& 6 more
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Products & Services of MTN
MTN offers a comprehensive portfolio of products and services, including Fintech Solutions, Digital Services, Enterprise Services, Network as a Service, and API Marketplace (Chenosis). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital financial services are provided across African markets.
Digital connectivity solutions are offered for African users.
Business connectivity solutions are delivered to African enterprises.
Network infrastructure services are provided to various clients.
API creation and discovery are enabled across Africa.
Funding Insights of MTN
MTN has successfully raised a total of $7.05M across 14 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 14
- Last Round Last Round
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First Round
First Round
(01 Jun 1999)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Post-IPO - MTN | Valuation |
investors |
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| Oct, 2022 | Amount | Debt – Conventional - MTN | Valuation |
investors |
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| May, 2019 | Amount | Debt – Conventional - MTN | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MTN
MTN has secured backing from 33 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, Citi and Access Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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VC & PE firm
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Founded Year | Domain | Location | |
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Private equity buyouts and investments are pursued across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MTN
MTN has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Afrihost, Investcom and JSI Store Fixtures. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Connections among Africans are facilitated via a multilingual social platform.
|
2017 | ||||
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African music and radio are streamed through Simfy Africa platform.
|
2012 | ||||
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Wireless network services are operated across Nigeria.
|
2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MTN
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mtn Comparisons
Competitors of MTN
MTN operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jio, Airtel, SK Telecom, Optus and Telecom Italia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Provider of integrated telecommunication services
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| domain | founded_year | HQ Location |
Integrated telecom service provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mtn
Frequently Asked Questions about MTN
When was MTN founded?
MTN was founded in 1994 and raised its 1st funding round 5 years after it was founded.
Where is MTN located?
MTN is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Who is the current CEO of MTN?
Ralph Mupita is the current CEO of MTN.
Is MTN a funded company?
MTN is a funded company, having raised a total of $7.05M across 14 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $551.86M, raised on Jun 01, 1999.
What does MTN do?
MTN Group is established as a major telecommunications and digital solutions provider across Africa. Operations are conducted in 16 markets, focusing on mobile connectivity, fintech solutions, and enterprise services. Digital platforms are developed to enhance connectivity and financial inclusion. Sustainability initiatives are prioritized, addressing climate goals and social impact. Network infrastructure and API marketplaces are offered to support businesses and developers. Growth is driven by innovation in digital and financial ecosystems across the continent.
Who are the top competitors of MTN?
MTN's top competitors include AT&T, Optus and SK Telecom.
What products or services does MTN offer?
MTN offers Fintech Solutions, Digital Services, Enterprise Services, Network as a Service, and API Marketplace (Chenosis).
How many acquisitions has MTN made?
MTN has made 7 acquisitions, including Afrihost, Investcom, and JSI Store Fixtures.
Who are MTN's investors?
MTN has 33 investors. Key investors include Mastercard, Citi, Access Bank, Ecobank, and Standard Chartered.
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