JSE-listed fintech Optasia has successfully closed a USD$ 330 million syndicated financing facility to refinance existing debt and fuel its expansion plans. The new three-year facility, effective 8 April 2026, consists of a $180 million term facility (comprising a $150 million term loan and $30 million revolving credit loan) and a $150 million working capital facility in the form of a bank guarantee line.
This represents a significant $105 million increase from the previous limits of $120 million term loan and $105 million bank guarantee line. The refinancing enhances Optasia’s liquidity, extends its debt maturity profile, and optimises its overall cost of funding. RMB - Rand Merchant Bank (RMB) and Standard Bank Group acted as joint lead arrangers and underwriters. The syndicate also includes participation from Nedbank and Absa Corporate and Investment Banking.
RMB acted as underwriter of the $180 million term funding. RMB also provided USD 105 million of the $150 million guarantee programme, making it the largest lender across both components.
The proceeds will be used to refinance existing indebtedness and provide additional capital for ongoing expansion, investment opportunities, and general corporate purposes. The transaction underscores strong lender confidence in Optasia’s financial performance, strategic direction, and long-term growth prospects in the African fintech sector.
Optasia provides AI-driven credit and airtime financing solutions via mobile networks and digital platforms, targeting underbanked consumers across emerging markets. The company operates in 38 countries and processes over 34 million transactions daily.
Optasia listed on the JSE in November 2025 in what was the largest fintech IPO on the exchange that year. Its market capitalisation currently stands at approximately $1.5 billion.
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