After Visa acquired Fundamo in South Africa, did it actually gain emerging-market share or was the $100 million largely wasted?

Asked Mar 3, 2016· 1 answer ·Africa, Emerging Markets, South Africa, Southern Africa, Sub-Saharan Africa
Faisal KhanAnswered Mar 3, 2016
Fundamo didn't pick sales as they had projected. Had VISA not acquired, they (Fundamo) would be in a pretty pickle from what I hear.

Fundamo's market/sales rests on a few countries and even within such countries, they do see a lot of competition from other wallet/mobile-banking providers.

Waste of $100 Million - probably not.
Fintech Mergers and AcquisitionsPayments Business ModelsScaling a Payments BusinessSales for Fintech AfricaEmerging MarketsSouth AfricaSouthern AfricaSub-Saharan Africa
Related in Starting and Running a Fintech or Payments Business
Why did Transfast discontinue its online money transfer service in February 2020?1 ansIs it plausible that an independent PayPal could acquire Square?1 ansDid Visa ever acquire Mastercard?1 ansWhy is the payments ecosystem so complicated?1 ans