Adenia Partners has sold its 100% stake in OMOA Group, a leading payments service provider in West and Central Africa, to SPE Capital, marking a successful exit from its third fund.

Information on the Target

OMOA Group, established in 1999, is the premier integrated service provider catering to the payments industry within West and Central Francophone Africa. The company specializes in a wide array of services that encompass the entire payment value chain, which includes ATM installation, maintenance, software solutions, and card personalization. With a workforce of 150 employees, OMOA operates across 11 countries, serving a diverse clientele that includes banks and microfinance institutions.

Since being acquired by Adenia Partners in 2012 as part of its Adenia Capital (III) fund, OMOA has undergone significant transformation. Adenia has introduced numerous strategic initiatives aimed at enhancing OMOA's service offerings and operational capabilities. These improvements have positioned OMOA as a trusted partner in the digital payment sector, further solidifying its reputation beyond mere ATM distribution.

Industry Overview in Côte d'Ivoire

The payments industry in Côte d'Ivoire is experiencing rapid growth, driven by the increasing demand for digital transactions and enhanced financial inclusion. As more consumers gain access to electronic banking services,