yemi_kapsalis

A Nigerian tech entrepreneur driving financial inclusion across Africa through mobile payments innovation as co-founder of MFS Africa.

Revolutionizing African Payments

Yemi Kapsalis co-founded MFS Africa in 2012, creating Africa's first cross-border mobile money platform. By 2019, the platform processed $500M annually, connecting 400M+ mobile wallet users across 35 countries. His work enables remittances between countries like Kenya and Nigeria, reducing transaction fees from 12% to 3%.

Financial Inclusion Milestones

In 2016, Kapsalis launched the Pan-African Payment Gateway, facilitating cross-border trade for small businesses. By 2018, 70% of MFS Africa users were previously unbanked. His partnership with the Gates Foundation expanded access to digital finance in rural regions, reaching 8M+ new users by 2019.

Global Recognition

MFS Africa's 2019 partnership with Google Pay brought 20M+ users into the digital economy. Kapsalis' Forbes Africa '30 Under 30' listing (2017) highlighted his role in creating Africa's first interoperable payment system. His TEDx Talk 'Building Africa's Digital Future' (2018) has 1.2M+ views, emphasizing mobile money's role in achieving UN SDG 8 (Decent Work).