Sefton Fross advises Mobile Media Info Tech Limited (MMIT) on its innovative Mobile Money E-commerce Payment Platforms

Sefton Fross advised MMIT, a mobile money processing company on its innovative mobile money e-commerce payment platforms. The Firm assisted MMIT in putting together its legal documentation for the collaboration with Firstmonie, and other merchant and payment aggregators to deploy MMIT’s mobile payment platform which enables users to shop online through their mobile money wallets and make payments anywhere in the world. MMIT with its M-Iflo product, was nominated for the 2014 CFI Best Mobile Banking Solution Nigeria by Capital Finance International.

The Sefton Fross team assisted in structuring the company, negotiation of the terms and conditions of the commercial agreements as well as equity financing.The team was led by Olayemi Anyanechi (Managing Partner) and assisted by Peter Achunine (Partner and Olufunmilola Ajayi (Associate).