Originally launched in 2017 across seven African countries, including Côte d’Ivoire, Senegal, Burkina Faso, Guinea, Ghana, Madagascar, and Cameroon, YUP was Société Générale’s attempt to penetrate Africa’s fast-growing mobile payments market.
The debt-free short-term position, combined with a recent acquisition bid, signals a potential turnaround year for Mobius as it seeks a path to long-term sustainability.
The new entity will work closely with partners across Africa and Asia to further develop digital educational tools, including games, interactive learning sessions, and AI-powered adaptive technologies.
The Series A equity round was led by Africa50, a pan-African infrastructure investment fund, marking a major milestone as the largest investment by an African fund in an electric mobility company.
