Channel VAS announces that Ethos, a leading South African investment company agreed on investing the amount of R700 million (about $50 million USD) in the leading Mobile Financial and data analytics firm. This is the first investment from Ethos’ new large-buyout fund, Ethos Fund VII and this venture will further support the expansion of rapidly growing Channel VAS' footprint globally, while at the same time opening the Mobile Financial sector to Ethos. Channel VAS is a market-leading provider of Mobile Financial Services, Big Data Analytics and Airtime Credit Services to mobile subscribers in over 30 countries across Africa, the Middle East, Asia, Latin America and Europe. The business offers micro and nano cash loans, handset loans and airtime/data loans to consumers, leading the Fintech sector by utilizing cutting-edge big data analytics through proprietary tools. The company’s strong track record combined with its continuous growth makes it once again a prime choice for major global investors. “We are excited to welcome Ethos on board as we continue our journey forward in this fast-moving Fintech world” stated Mr. Bassim Haidar, Channel VAS founder & CEO. “As Channel VAS has been at the forefront of the Fintech revolution through Mobile Finance from its very beginning, working together with visionary investors such as Ethos will help us continue to expand our already massive geographical footprint at an even faster pace, bringing financial inclusion to more unbanked and underserved people globally through our innovative services.” From Ethos’ side, Mr. Stuart MacKenzie, Ethos CEO stated: “We are delighted to announce Fund VII’s first investment.  The Fund successfully held its first close in October to accommodate this transaction and another that is expected to close in the next few months. We are equally excited to confirm that our new AI Fund is investing alongside Fund VII in Channel VAS.  Channel VAS was a complex investment to process due to the business’ geographic footprint and technology model.  It was the exceptional collaboration and collective insights between our deal, AI and value-add professionals that unlocked this uniquely attractive opportunity.” “Channel VAS is a sophisticated business with a deep, results-driven understanding of the mobile financial environment and an industry leading capability of increasing the penetration of airtime distribution while minimizing default rates. This is achieved through sophisticated proprietary big data analytics tools and credit-scoring algorithms”, added Mr. Michael Jensen, Ethos partner and deal lead. “The business model is highly scalable and presents a significant opportunity to expand their product offering into cutting-edge Mobile Financial Services.” Channel VAS is currently operating in more than 30 countries globally, working together with over 27 MNOs. It is currently serving over 650 million people globally and lending more than $5 million USD daily. Channel VAS will continue to expand both its geographical footprint as well as its range of services, adhering to its mission to offer financial inclusion through accessible and affordable mobile financial solutions to the unbanked people and to fast growing young populations under-served by the traditional banking sector, especially in emerging markets.