Network International Acquisition, Valuation, Funding & Investors

Network International was acquired by Brookfield Asset Management for $2.8B in June 2023, a 6.3x multiple on $438M of revenue.

Network International acquisition price

$2.8B

Acquired by Brookfield Asset Management · Jun 2023

Network International revenue at acquisition

$438M

Last twelve months · Jun 2023

Network International revenue multiple at acquisition

6.3x

EV/Revenue · Jun 2023

Network International EBITDA multiple at acquisition

15.7x

EV/EBITDA · Jun 2023

Network International Overview

About Network International

Network International is a Dubai-headquartered provider of digital payment solutions across the Middle East and Africa. Established in 1994, the company offers merchant acquiring, processing for credit and debit cards, ATM management, and consumer finance applications as a principal member of Visa and MasterCard in the UAE. Network International supports banks, retailers, and financial institutions with tailored consultancy for card programs.


Founded

1994

HQ

UAEDubai

Website

network.ae

Status

Acquired

Customer focus

B2B

Revenue model

Commission

Revenue

$438M (Jun 2023)

Valuation

$2.8B (acquired Jun 2023)

Network International Acquisition

Network International was acquired by Brookfield Asset Management for $2.8B on 9 June 2023.

The acquisition price implies a 6.3x revenue and 15.7x EBITDA multiple on $438M of revenue.

Before the acquisition Network International had raised $30M across 1 funding round.

Network International acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
9 Jun 2023PE buyout$2.8B6.3x15.7x

Network International Funding History

Network International has raised a total of $30M across 1 funding round.

Network International funding rounds

Network International funding rounds
DateStageInvestorsRaised
Mar 2017Undisclosed stageIFC Middle East and North Africa (MENA) Fund (lead); International Finance Corporation (lead)$30M

Who has invested in Network International?

2 investors have backed Network International across its funding rounds, including International Finance Corporation and IFC Middle East and North Africa (MENA) Fund.

Lead investors include IFC Middle East and North Africa (MENA) Fund and International Finance Corporation.


Network International Investors

Investors in Network International by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Network International

Network International has acquired 4 companies to date.

Last acquisition by Network International was on October 1st 2025. Network International acquired Magnati for undisclosed valuation.


Latest Acquisitions by Network International

Magnati
DPO Group
EMP
Emerging Markets Payments
Description
Magnati is a UAE-based payment solutions provider serving retail, hospitality, government, and e-commerce sectors. Founded in 2021 and headquartered in Abu Dhabi, it processes transactions through POS terminals, online gateways, and mobile apps supporting contactless and NFC payments. The company integrates with over 100 acquirers and issues virtual cards for B2B payments across the Middle East.
DPO Group is a pan-African payment service provider that processes transactions across 20 African countries including Kenya, Nigeria, Ghana, and South Africa. The company supports payments via credit cards from Visa and Mastercard, debit cards, mobile money platforms such as M-Pesa, bank transfers, QR codes, and cash options. Headquartered in Nairobi, Kenya, DPO Group maintains offices in Mauritius, the United Kingdom, and the United Arab Emirates. It enables merchants to accept payments in local currencies like the Kenyan shilling, Nigerian naira, and South African rand, alongside international currencies. The platform integrates with e-commerce sites, mobile apps, and point-of-sale systems for seamless cross-border trade. DPO Group acquired PayU's African operations in 2019 to expand its footprint.
-
Emerging Markets Payments was a payment processing company serving banks, retailers, governments and consumer finance institutions across the Middle East and Africa. Established by Actis in 2010 as a buy-and-build platform, it processed card issuing and acquiring transactions for more than 130 banks and 35,000 retailers in around 45 countries and earned revenue from per-transaction processing fees. It was sold to Network International in 2016 and merged into that business.
HQ CountryUnited Arab EmiratesKenyaEgyptUnited Arab Emirates
HQ City
Dubai
Nairobi
-
Dubai
Deal Date1 Oct 202529 Jul 20204 Mar 20162 Mar 2016
Valuationundisclosed$291M$340M$340M
EV/Revenue
EV/EBITDA

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Network International Competitors

Network International competitors include listed companies like dLocal, Evertec, Paymentus and Nexi, and private ones like Juspay and Mollie.

Public and private companies comparable to Network International
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
dLocalUruguayUruguayPublicly listed$1.1B$229M$4.2B2.3x
EvertecPuerto RicoPuerto RicoPublicly listed$932M$330M$1.7B2.7x
PaymentusUnited StatesUnited StatesPublicly listed$1.2B$117M$4.6B3.0x
NexiItalyItalyPublicly listed$7.2B($2.3B)$5.6B1.0x
JuspayIndiaIndiaPrivate$55M-$1.2B19.7x
MollieNetherlandsAmsterdamPrivate$246M-$6.5B26.4x

Network International Public Comps

Network International is no longer listed, but its public comps include SUNMI, PagSeguro, Crane NXT, Euronet Worldwide, Payoneer, Lakala, Shift4 Payments, StoneCo, Pine Labs and GPGI.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SUNMI$568M$43M4.8x-62.3x-
PagSeguro$4B$1.7B2.6x2.6x6.1x12.2x
Crane NXT$1.7B$347M2.3x2.1x11.1x8.8x
Euronet Worldwide$4.2B$648M0.7x0.7x4.9x4.2x
Payoneer$821M($43M)2.6x2.0x(49.7x)7.5x
Lakala$827M$218M1.8x1.6x6.7x12.8x
Shift4 Payments$4.2B$758M1.8x3.2x10.0x6.9x
StoneCo$2.6B$965M1.3x1.2x3.6x2.2x

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Common questions about Network International

When was Network International founded?Network International was founded in 1994.
Where is Network International headquartered?Network International is headquartered in Dubai, UAE.
Is Network International publicly listed?No, Network International was acquired by Brookfield Asset Management in June 2023.
Who acquired Network International?Network International was acquired by Brookfield Asset Management in June 2023.
How much was Network International acquired for?Network International was acquired for $2.8B in June 2023, a 6.3x revenue multiple.
How much funding has Network International raised?Network International has raised $30M across 1 funding round.
What was Network International's last funding round?Network International's last funding round was a $30M undisclosed-stage round in March 2017, led by IFC Middle East and North Africa (MENA) Fund and International Finance Corporation.
Who are Network International's investors?Network International's investors include International Finance Corporation and IFC Middle East and North Africa (MENA) Fund.
Which companies are comparable to Network International?Companies comparable to Network International include dLocal, Evertec, Paymentus, Nexi, Juspay and Mollie.
How many companies has Network International acquired?Network International has acquired 4 companies, including Magnati, DPO Group, EMP and Emerging Markets Payments.
What was the largest acquisition by Network International?The $340M acquisition of EMP in March 2016 is the largest acquisition Network International has made to date.

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