DNI Backs Mission Mobile With up to R500m to Put Smartphones in Prepaid Hands
The Johannesburg fintech, founded in 2023, is financing devices for customers that traditional credit checks tend to miss.
WEVN Editorial
Editorial
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Image: Mission Mobile
Johannesburg-based Mission Mobile has secured up to R500 million from investment group DN Invest (DNI). The funding comes from DNI's own resources and ring-fenced debt facilities.
Founded in 2023 by brothers Tim Strike (CEO) and Adam Strike, Mission Mobile works with mobile network operators to extend smartphone financing to underserved consumers. Its proprietary platform, Beam, "interprets how consumers earn and spend to identify customers who could be suitable for smartphone offers". The goal is to reach people a traditional credit assessment might reject. The company offers device financing over 12- to 48-month terms. Its DataBack Device proposition combines a smartphone with data and connectivity benefits for prepaid users.
The prepaid market is the target. According to Tim Strike, more than 80% of South Africa's mobile connections remain prepaid. "Customers are often spread across multiple SIMs, with little commitment to any one network," he said.
Mick Silke, CEO of DNI's financial services business, said: "DNI invests in the people behind the businesses. Tim, Adam and their team recognised an opportunity to help mobile network operators serve millions more people and built the technology to make that possible."
Sources: ITWeb · BusinessDay, 22 Sept 2026
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