Financial technology company Optasia Group, specializing in AI-powered solutions, is set to expand into Africa, Asia, and Latin America following its listing on the Johannesburg Stock Exchange on Tuesday, making it the largest initial public offering (IPO) in South Africa this year. The company is valued at an estimated $1.4 billion. CEO Salvador Anglada stated that the Dubai-based firm will also expand its credit offerings to include 'buy now, pay later' options and virtual credit, and will consider acquisitions in Asia or Latin America to build its market presence. Morgan Stanley and Standard Bank Limited are assisting in the listing process.
"We are looking to strengthen our presence in key growth markets," Anglada noted.
