DT One, a leading provider of global mobile top-up solutions, today announced that it has acquired MODE.
Peter De Caluwe, CEO of DT One, said: “We are thrilled to have acquired MODE as we see their airtime credit service (ACS) as a key differentiator and growth opportunity given its natural value add to our existing global operations. MODE is quite a remarkable company, which from its humble roots as a Nairobi startup in 2009, has grown into a highly successful international business and the global leader in airtime credit services – cashless micro airtime or mobile data loans.”
MODE will become the DT One ACS division and full integration is expected to be complete in Q4 of this year.
MODE applies data science to provide financial services to mobile users in emerging markets across Africa, the Middle East, and Asia. They serve more than 500 million prepaid mobile users, across 20 countries in partnership with 26 mobile operators, processing more than 18 million airtime and data loans daily.
MODE is at the forefront of mobile financial technology, providing airtime credit and microloans to millions of mobile phone users across Africa, the Middle East and Asia.
MODE’s foundation product is Airtime Credit Service (ACS) – a cashless microloan and the company’s mission is to deliver easy and convenient access to financial services through technology. MODE serves more than 500 million prepaid mobile users, across 20 countries in partnership with 26 mobile operators, processing more than 18 million airtime and data loans daily.