A LEADING FINTECH INNOVATOR
Channel VAS is the premium Fintech provider of Mobile Financial Services, Airtime Credit & Airtime Advance Services, Handset Loans and Big Data Analytics, all through cutting edge proprietary analytics tools. Having provided loans to over 550 million people in 2017, Channel VAS has exceeded the $1 Billion mark in loans in 2016 alone and is currently lending $5 million per day globally. Channel VAS has evolved from the business ventures of Channel IT, Africa’s largest independent distributor of Mobile Network infrastructure. We are currently working with over 27 MNOs in over 30 countries and continue to expand to new markets globally.
We provide the best of breed technology and means to improve people’s daily lives, delivering financial inclusion and affordable loans by utilizing big data, credit analysis and a unique human-centric customer experience. Leveraging the benefits of Fintech, we ensure convenience and accessibility to financial services for everyone. As a social enterprise, our vision is to lead the global economic and social development through financial inclusion for all.
In late September 2017, Channel VAS has announced that Waha Capital, a leading investment company based in Abu Dhabi has acquired a minority stake in Channel VAS. This acquisition serves to build a strategic and integrated partnership, promoting the expansion of rapidly growing Channel VAS' footprint globally, while doing so will also provide diversified investment and industry exposure for Waha Capital.
In November 2018 another major investment partner joined Channel VAS. Ethos, a leading South African investment company agreed on investing in the leading Mobile Financial and data analytics firm. This is the first investment from Ethos’ latest large-buyout fund, Ethos Fund VII and this venture is set to further support the expansion of rapidly growing Channel VAS' footprint globally, while at the same time opening the Mobile Financial sector to Ethos.
With an addressable base of over 650 million mobile subscribers that are dependent on the service offered for the advance of credit, Channel VAS’s operations account for $3 billion of the market’s total $100 billion value, with enormous potential for growth. Incorporated in 2012 and led by a team that has a reputation for building multi-billion dollar emerging market companies in the fields of IT, Logistics and Telecommunications, Channel VAS has a pipeline that is forecast to double the group’s size by 2020.
Connecting the World through Mobile Value Added Services