fintech / news / / City A.M.
Airtel Money is a digital commerce service that allows users to store money, transfer funds and buy mobile data.
Airtel is considering listing its Airtel Money fintech subsidiary on the London Stock Exchange.
KEY POINTS
- The Airtel Money IPO could raise up to $2bn and value the company as high as $10bn.
- Mastercard holds just under 4% of Airtel Money after a $100m investment in 2021, then valuing it at $2.7bn.
- Airtel Money has over 50 million customers, reflecting rapid recent growth in its fintech operations.
- This potential listing would be a significant win for London, which has struggled to attract major fintech IPOs.
COMPANIES
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