NEW YORK, NY — July 15, 2026 — MSTRpay AB (“MSTRpay”) today announced the signing of a
Memorandum of Understanding (“MOU”) with Société de Gestion de l’Épargne et de Microfinance
(SOGEMEF), a regulated microfinance institution (Système Financier Décentralisé – SFD) operating in the Republic of Togo. The agreement marks another significant milestone in MSTRpay’s continued expansion across West Africa and further strengthens the Company’s growing Strategic Market Access Partnership (SMAP™) network throughout the region.
SOGEMEF is a licensed microfinance institution regulated under the banking framework of the West African Economic and Monetary Union (WAEMU/UEMOA). Through its savings and lending activities, the institution has established itself as an important participant in promoting financial inclusion and access to financial services in Togo.
The MOU establishes a framework for long-term cooperation and launches a 180-day joint Evaluation and Validation Programme under MSTRpay’s Strategic Market Access Partnership (SMAP™) Framework.
During this period, the Parties will jointly evaluate opportunities to deploy digital financial services, wallet infrastructure, merchant ecosystems, behavioural scoring, financial inclusion programmes, Cash In/Cash Out services and future financing solutions adapted to the Togolese market.
Société de Gestion de l’Épargne et de Microfinance (SOGEMEF) is a licensed microfinance institution operating under the regulatory framework of the West African Economic and Monetary Union (WAEMU/ UEMOA). Based in Lomé, Togo, SOGEMEF provides savings and lending services to individuals, entrepreneurs and small businesses while promoting financial inclusion and sustainable economic development. The institution plays an important role in expanding access to financial services for underserved communities throughout Togo.
With a population of approximately 9 million people, Togo occupies a strategically important position within West Africa and the WAEMU economic zone, providing access to one of Africa’s largest integrated monetary and financial markets. Through this partnership, MSTRpay intends to combine its digital financial ecosystem with SOGEMEF’s local market knowledge and regulatory experience to accelerate financial inclusion and digital transformation.
The partnership reflects MSTRpay’s continued strategy of collaborating with regulated financial institutions committed to responsible governance, financial inclusion and sustainable long-term growth. Throughout the Evaluation Programme, both Parties will jointly validate operational, regulatory and commercial opportunities before progressing toward definitive long-term agreements.
The agreement was developed through MSTRpay’s Emerging Markets organisation under the Company’s
Strategic Market Access Partnership (SMAP™) Framework. The process was led by Peter Rinaldo, Head of
Business Development – Emerging Markets, in close cooperation with Mr. Felix Baah, Regional Representative for Africa, and Mr. Agbodjan Sewa Stephane, Country Development Agent for Togo. Together, the Emerging Markets team coordinated the local partner engagement, due diligence process and negotiations leading to the successful execution of the Memorandum of Understanding.
“Togo represents a strategically important gateway into the WAEMU region in our long-term vision of building a scalable digital financial ecosystem across Africa,” said Dean Petkanas, Chief Executive Officer of MSTRpay AB. “We are pleased to begin our collaboration with SOGEMEF and look forward to working closely with its leadership during the Evaluation Programme. Beyond the opportunities in Togo itself, this partnership strengthens our presence within the WAEMU region and supports our broader strategy of expanding financial inclusion across West Africa. Together we will explore how MSTRpay’s technology ecosystem can support digital transformation and create sustainable long-term value for both organisations and the communities they serve.”
The agreement establishes MSTRpay’s first Strategic Market Access Partnership (SMAP™) in Togo and further strengthens the Company’s rapidly expanding presence across West Africa. The partnership further strengthens MSTRpay’s growing network of Strategic Market Access Partnerships across Africa and reinforces the Company’s long-term strategy of building one of the world’s largest digital financial ecosystems focused on emerging markets.
Media Contact
Peter Rinaldo
Head of Business Development – Emerging Markets, MSTRpay AB
peter.rinaldo@mstrpay.com
www.mstrpay.com
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