MobileMoney Fintech LTD splits structure to drive innovation, customer value

MobileMoney Fintech LTD (MMFL) has completed a significant structural separation, a move Chairperson Victoria Bright described as a major milestone in the company's evolution. This split is designed to bolster MMFL's position as a leading fintech business in Ghana and across Africa, promising faster innovation, enhanced security, and greater customer value.

"The separation gives MMFL greater agility and operational focus," Bright stated after the company's Extraordinary General Meeting (EGM) in Accra. "It creates the opportunity to strengthen governance, improve efficiency and accelerate initiatives that deliver meaningful value to customers while supporting long-term sustainable growth." The EGM was crucial for establishing MMFL's independent governance framework, with shareholders approving resolutions for director transitions, auditor appointments, and dividend policies. Shareholders also approved Ernst & Young as the company's first auditors and a shift to quarterly dividend payments.

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The separation gives MMFL greater agility and operational focus. It creates the opportunity to strengthen governance, improve efficiency and accelerate initiatives that deliver meaningful value to customers while supporting long-term sustainable growth.

CEO Shaibu Haruna emphasized that the separation will sharpen MMFL's focus on customer needs and accelerate investments in innovation, security, and service excellence. He noted that the new structure will enable quicker responses to evolving customer expectations and emerging opportunities within Ghana's digital financial services sector. "As an independent fintech company, we are better positioned to accelerate innovation, strengthen security, improve customer experience and develop solutions that meet the evolving needs of Ghanaians," Haruna said.

MMFL posted robust first-quarter 2026 results, with revenue reaching approximately GH¢1.7 billion, marking a 28.4% increase from the previous year. This performance provides a solid foundation for ongoing investments in customer-centric innovation, digital infrastructure, and security. The structural separation, effective March 31, 2026, establishes MMFL as an independent fintech entity committed to advancing financial inclusion, driving digital innovation, and creating sustainable value.

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As an independent fintech company, we are better positioned to accelerate innovation, strengthen security, improve customer experience and develop solutions that meet the evolving needs of Ghanaians.