JOHANNESBURG (Reuters) -Optasia, a fintech company partly owned by Ethos Capital, said on Wednesday it planned to list on South Africa’s Johannesburg Stock Exchange and raise up to 6.3 billion rand ($375 million) by selling a combination of new and existing shares.

The company, which operates AI-powered financial services in 38 countries, will raise about 1.3 billion rand in an initial public offering and also hold a private placement of at least 5 billion rand for existing shareholders, it said in a statement.

“An IPO will allow us to accelerate our growth, raise our visibility as a leading global fintech and continue innovating to expand financial opportunity where it is needed most,” CEO Salvador Anglada said.

Optasia, headquartered in Dubai, provides micro-financing and mobile phone

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