Three months ago, Mastercard invested $100 million in Airtel Mobile Commerce BV (AMC BV) — the mobile money business of telecom Airtel Africa. This was two weeks after it also received $200 million from TPG’s Rise Fund.
Today, the African telecoms operator has announced that it has secured another investment for its mobile money arm: Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA). The Middle Eastern corporation is the sovereign wealth fund of the State of Qatar with over $300 billion assets. It is set to invest $200 million into AMC BV through a secondary purchase of shares from Airtel Africa.
AMC BV is an Airtel