Dubai-headquartered Fintech Optasia will be pursuing a public listing on Johannesburg’s main stock exchange, as per a Reuters report. The company will be aiming to raise a total of $375 million through a combination of selling existing and new shares.
The firm will achieve this by offering a private placement for existing shares worth 5 billion rand and an IPO that will raise 1.3 billion rand.
CEO Salvador Anglada has said the IPO will help Optasia accelerate growth and raise its visibility as a leading global fintech.
Optasia is known for providing microfinancing and mobile phone credit to consumers in emerging markets. It was founded in 2012, having an operational presence in the Middle East, Africa, and Asia.
Typically, fintechs in Dubai do not pursue IPOs. Instead, they rely on private funding rounds led by capital and venture firms to get investment. The biggest funding rounds so far in 2025 for Dubai were Tabby’s $160 million Series E round—giving it a valuation of $3.3 billion—and Alaan’s $48 million Series A round.