Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › MediaTek-Backed African Fintech PalmPay Eyes Hong Kong IPO
Business & Finance

MediaTek-Backed African Fintech PalmPay Eyes Hong Kong IPO

Bloomberg Technology Tuesday 04 August 2026, 09:12 UTC By Loni Prinsloo, Julia Fioretti and Nduka Orjinmo 1 min read
Key Points

MediaTek-Backed African Fintech PalmPay Eyes Hong Kong IPO Africa-focused fintech PalmPay Ltd., valued at more than $1 billion in an ongoing funding round, is preparing for a potential Hong Kong initial public offering, according to people with knowledge of the matter. The company is in discussions to raise about $200 million in the funding round, making it the latest fintech unicorn to emerge from Africa, said the people, who asked not to be identified as the information is still private.

MediaTek-Backed African Fintech PalmPay Eyes Hong Kong IPO Africa-focused fintech PalmPay Ltd., valued at more than $1 billion in an ongoing funding round, is preparing for a potential Hong Kong initial public offering, according to people with knowledge of the matter. The company is in discussions to raise about $200 million in the funding round, making it the latest fintech unicorn to emerge from Africa, said the people, who asked not to be identified as the information is still private.
MediaTek (ORG) African (ORG) fintech PalmPay Ltd. (ORG) Hong Kong (LOCATION) Africa (LOCATION)
Originally published by Bloomberg Technology Read original →

Related Stories

Palantir jumps 16% on 'otherworldly' commercial revenue — here's what's driving the demand

CNBC 6m ago

Apple issues new challenge against UK order for access to private user data

It is the latest development in the ongoing dispute between Apple and the Home Office over data privacy.

BBC Business 10m ago

A Fresh Record Looms for the Unsinkable S&P 500

A Fresh Record Looms for the Unsinkable S&P 500 Market’s gains have broadened as the AI trade falters This article is for subscribers only. It may be hard to believe, given all the recent drama in stock markets, but the S&P 500 is on the verge of a fresh record high for the first time since June 2. After the selloff in chip stocks and other AI winners over the past couple of months, a lot of froth in the equity market has been aggressively removed and valuations have been reset.

Bloomberg Markets 11m ago

Proposed lower consent thresholds could revive en bloc market, but boom unlikely: Analysts

Proposed lower consent thresholds could revive en bloc market, but boom unlikely: Analysts With a shorter time to get the required number of signatures for a collective sale, this might heighten tensions among neighbours who are not keen to sell, said an analyst. Lowering the consent thresholds for collective sales of older condominiums could encourage more ageing developments to test the en bloc market, although this is unlikely to trigger another boom, property analysts said. Developers'...

Channel News Asia 13m ago