Airtel Money, a mobile money unit of the Airtel Africa, targets going public and listing its shares on the London Stock Exchange (LSE) through the Initial Public Offering (IPO).
Operating across 14 countries the Airtel Money provides digital financial services, including money transfer and micro-loans, primarily leveraging Airtel’s extensive mobile network and customer base.
Under the London IPO deal, the mobile money provider is set to raise capital between KSh194 billion and KSh258 billion.
The capital increment would set Airtel Money’s valuation at KSh1.29 trillion, enabling the mobile money to rank among the notable rankings on the European exchange in the future, according to a report by Bloomberg.
The listing of the company follows an earlier statement by the Chief Executive Officer, Sunil Taldar, in February that the Airtel Money unit will be listed by the first half of 2026.
Citigroup Inc. has been leading the advisory work on the London IPO with plans to appoint additional banks to support the transaction.
In addition to London listings, Airtel Money has attracted international investors, including TPG Inc., Mastercard Inc., and an affiliate of Qatar Investment Authority.
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Airtel Money Revenue Q3 2026 Results
In the year ended December 31, 2025, Airtel Money revenue increased by 29.4% in constant revenue terms and by 34.9%, according to Airtel Africa’s Reports.
In addition, the mobile unit recorded a 17.3% increase in customers and mobile money users, bringing the total to 52 million in the same year.
“Airtel Money continues to scale, with two major milestones reached this quarter. The first milestone saw the business exceed 50 million subscribers, reaching 52.0 million customers, up 17.3%,” Airtel Africa plc Q3 2026 Results showed.
Further, the mobile money unit’s annualized total processed value (TPV) for Q3’26 surpassed the KSh 25.9 trillion target, increasing by 36% to over KSh 27.19 trillion.
Additionally, in the year ended December 31, 2025, Airtel Money data revenue increased by 36.5%, while voice revenue grew by 13.5%.
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Higher operating profit and derivative and foreign exchange gains of approximately KSh12.8 billion in the Q3 2026 results led to a profit increase of KSh75.6 billion from the previous record of KSh32.0 billion in the previous period, when the mobile money unit recorded a loss of about KSh19.7 billion.
Airtel Money’s financial performance in the third quarter was stable, with the revenue growth in constant currency being at 28% and EBITDA margins above 50%.
Wallet services and transfers accounted for about 90% of mobile money revenue, with the customer ARPU improving due to expanded services provided by the mobile money unit.
Airtel Africa, as the parent company, has a total customer base of 179.4 million, enabling the expansion and growth of the Airtel Money service.
With the proposed London IPO, the mobile money unit is set to have an increase in value and capital raise.
