About Paga
Paga is a company based in Lagos (Nigeria) founded in 2009 by Tayo Oviosu and Jay Alabraba. Paga has raised $23 million across 5 funding rounds from investors including Acumen, Omidyar Network and Global Innovation Fund. Paga has completed 1 acquisition, including Apposit. Paga offers products and services including Send Money, Request Money, Pay Bills, Get Remittance, and Top-up Airtime & Data. Paga operates in a competitive market with competitors including DiGiSPICE, Eyowo, 9PSB, AjoCard and Vouchernet, among others.
- Headquarter Lagos, Nigeria
- Founders Tayo Oviosu, Jay Alabraba
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Pagatech
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Products & Services of Paga
Paga offers a comprehensive portfolio of products and services, including Send Money, Request Money, Pay Bills, Get Remittance, and Top-up Airtime & Data.
Service for instant money sending to phones or accounts.
Feature to request funds from contacts instantly.
Platform for renewing TV, internet, and utility bills.
Tool for receiving international money transfers securely.
Instant service for mobile airtime and data top-ups.
People of Paga
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Funding Insights of Paga
Paga has successfully raised a total of $23M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Paga
Paga has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Acumen, Omidyar Network and Global Innovation Fund.
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Social innovations are funded via grants, loans, and equity investments.
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Tech and Offline focused VC firm investing in early-stage companies in Netherlands,India and Nigeria
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Micro venture capital firm investing in emerging market sectors
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Investor details for Paga
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Investments & Acquisitions by Paga
Paga has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Apposit.
Investment portfolio details for Paga
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Software development services are provided by Apposit in Ethiopia.
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Complete acquisition details for Paga
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Financial Statements - Paga
Detailed financials for Paga
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Paga Comparisons
Peer comparison for Paga
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Competitors of Paga
Paga operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DiGiSPICE, Eyowo, 9PSB, AjoCard and Vouchernet, among others.
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Provides suite solutions for government agencies
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Provides digital banking for payments, transfers, savings, and money management.
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An agent-based platform delivering banking solutions.
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mPOS hardware and software solution provider
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Mobile platform for selling airtime, bill payments, and money transfer services.
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Detailed competitors of Paga
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Latest news on Paga
Complete news archive for Paga
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Frequently Asked Questions about Paga
Paga was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Paga is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Tayo Oviosu is the current CEO of Paga. They have also founded this company.
Paga is a funded company, having raised a total of $23M across 5 funding rounds to date.
Paga was established in 2009 in Lagos, Nigeria, within the financial technology sector. Agent networks are utilized to facilitate payments for consumers and businesses. Services include money transfers, bill payments, online and offline purchases, mobile recharges, travel bookings, cash deposits and withdrawals, along with business capital assistance. Operations focus on accessible financial transactions across Nigeria.
Paga's top competitors include AjoCard, DiGiSPICE and CIT VERiCASH.
Paga offers Send Money, Request Money, Pay Bills, Get Remittance, and Top-up Airtime & Data.
Paga has made 1 acquisition, including Apposit.
Paga has 10 investors. Key investors include Acumen, Omidyar Network, Global Innovation Fund, Goodwell Investments, and Unreasonable Capital.