South Africa’s Mission Mobile secures up to R500M ($30.8M) from DN Invest to scale smartphone financing

South African mobile technology company Mission Mobile has secured up to R500 million ($30.8 million) in growth capital from investment holding company DN Invest (DNI). It’ll use the funds to grow its smartphone financing business, which runs through mobile network operators. DNI is funding the facility from its own capital and ring-fenced debt.