MultiChoice Group has successfully launched Showmax 2.0, SuperSportBet, and Moment, all of which are now generating revenue and supporting the group’s future growth. Moment, founded in FY23 and officially launched in FY24, played a crucial role in the Showmax relaunch by addressing a critical payments gap. By January this year, Moment began processing MultiChoice’s payments for DStv, reaching a significant milestone of USD 85 million in payments by early March 2024.
To date, Moment has processed local and cross-border card payments in 44 Showmax markets and now accounts for over 20% of the group’s payment volumes. It has also joined real-time payment networks in 18 countries, including South Africa, and is currently piloting instant payment and account activation for DStv.
The business raised an additional USD 22 million in funding, with MultiChoice contributing USD 8 million, valuing Moment at USD 82 million and giving MultiChoice a 26% stake.
Moving forward, the group will focus on scaling Showmax, Moment, SuperSportBet, and driving growth in its insurance (NMSIS), DStv Internet, and DStv Stream services.
