AI Fintech Optasia Sells Stake to FirstRand for $277 Million

Artificial intelligence-powered financial-technology firm Optasia sold a 20.1% stake to South Africa’s FirstRand Ltd. ahead of its initial public offering.

By Loni Prinsloo · Bloomberg Markets

Artificial intelligence-powered financial-technology firm Optasia sold a 20.1% stake to South Africa’s FirstRand Ltd. ahead of its initial public offering.