Paga Group Ltd is building an ecosystem to enable people to digitally send & receive money, and creating simple financial services.
Basic Information
Headquartered in Lagos, Nigeria, Paga is a mobile payments company building an ecosystem to enable people to digitally send and receive money along with creating simple financial services. Their company is focused on serving emerging markets. Nigeria is their first market with upcoming launches in Mexico and Ethiopia. Paga was founded in early 2009 by Tayo Oviosu, with a purpose to make it simple for one billion people to access and use money. They are trying to solve two key problems that exist around the world - eliminating the use of cash for transactions and access to financial services. Paga’s first market is Nigeria, with commercial launch August 2012. In Nigeria, Paga is a mobile money operator licensed by the Central Bank of Nigeria. Paga offers a range of services such as: free money transfers, deposit to bank accounts, buying/sending of airtime, bill payments, remittances, bulk disbursements & collections that are accessible via our online channels (web/app) and on any basic mobile phone. Their Investors: Acumen Fund, Adlevo Capital, Capricorn Investment Group, EFinA (Grant), Flourish, Global Innovation Fund, Goodwell West Africa. Their Partners: Apposit and Osprey Zenith.
Legal Name
:
Paga Group Ltd
Headquarters
:
Lagos, Lagos, Nigeria
Founding Date
:
2009
No. of Employees
:
251 to 500
Core Team
:
1.
Jay Alabraba
Co-Founder
2.
Tayo Oviosu
Co-Founder & CEO
3.
Eric Chijioke
Chief Technology Officer
Funding
Total Funding
$34.7M
Investors
:
1.
Flourish Ventures
2.
Global Innovation Fund
3.
Adlevo Capital
4.
Unreasonable Capital
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