About Powa
Powa is a Financial Services company based in London (United Kingdom) founded in 2007, and was acquired by SuperCom in April 2016. PoS and gateway solutions for merchants and e-commerce. Powa has raised $176.7 million across 3 funding rounds from investors including SuperCom and Wellington. Powa has completed 2 acquisitions, including MPayMe and Znap. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity is Powa Technologies Ltd.
Company details
Powa is a UK based provider of PoS solutions for mobile, web and physical stores. It offers three product categories for merchants: 1. PowaTag: These tags can be scannedlistened topicked up by users smart phones in physical advertisements (print, billboards etc), audio signals or via bluetooth beacons. These tags then provide the user with location based, in-app notifications about offers and promotions at the venuestores. 2. PowaPoS: It is a mobile PoS system for retailers which can be run on tablets and is neatly integrated in a tablet stand which also integrates a printer and a scanner. It also sells Powa PIN, a bluetooth enabled card reader which can be coupled with the PoS to accept card payments. 3. Powa Web: It offers payment gateway API solutions for e-commerce stores which supports 200 banks, 30 payment services provider and can accept payments in over 22 currencies via different payment methods like credit and debit cards, e-wallets and pre-paid cards. It also offers a dashboard to e-commerce stores for managing multiple online stores, customer and product informations, payment processing and facilitates integration with google analytics and shopping.
Funding Insights of Powa
Powa has successfully raised a total of $176.7M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $80 million completed in November 2014. 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.
- Total Funding $176.7M
- Total Rounds 3
- Last Round Series B — $80M
- First Round $76M
(Aug 2013)
- Investors Count 1
All 3 funding rounds of Powa with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2014 | $80M | Series B | – | – | |
| Jan 2014 | $20.7M | Series A | – | – | |
| Aug 2013 | $76M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in Powa
Powa has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SuperCom and Wellington.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management services are provided to institutional clients. | wellington.com | Boston, United States | ||
IT security services are provided by SuperCom to global clients. | 1988 | supercom.com | Tel Aviv, Israel |
Investor details for Powa
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- Complete investor list
- Round participation
- Investor portfolios
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People of Powa
1 people are tracked at Powa (1 in leadership).
| Name | Role | Group |
|---|---|---|
Dan Wagner | CEO | Leadership |
Complete people profiles for Powa
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Powa
Powa has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MPayMe and Znap.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Mobile payments are enabled via wallet and merchant dashboard. | znap.com | Hong Kong, China | 2012 | Jun 2014 | $75M | |
QR code based mobile payment service provider. | mpayme.com | Hong Kong, China | 2010 | Jun 2014 | $75M |
Complete acquisition details for Powa
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- Acquired stakes
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- Complete history
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Timeline of Powa
6 dated milestones of Powa across 9 years, from founding to its latest funding, stage changes and deals.
Web traffic of Powa
The website of Powa (powa.com) receives about 2K visits a month.
- Monthly visits2K
▲ 60.2% vs previous month
Websites whose visitors overlap most with Powa. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| storefront.net | 100% | View details | |||
salescart.com | salescart.com | 96% | – | ||
powatag.com | powatag.com | 89% | – | ||
| americommerce.com | 69% | 117.3K | #232,515 | View details |
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Related news about Powa
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Frequently Asked Questions about Powa
Powa was founded in 2007 and raised its 1st funding round 6 years after it was founded.
Powa is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Powa is a funded company, having raised a total of $176.7M across 3 funding rounds to date. The company's 1st funding round was a Series A of $76M, raised on Aug 2013.
Powa is a UK based provider of PoS solutions for mobile, web and physical stores. It offers three product categories for merchants: 1. PowaTag: These tags can be scannedlistened topicked up by users smart phones in physical advertisements (print, billboards etc), audio signals or via bluetooth beacons. These tags then provide the user with location based, in-app notifications about offers and promotions at the venuestores. 2. PowaPoS: It is a mobile PoS system for retailers which can be run on tablets and is neatly integrated in a tablet stand which also integrates a printer and a scanner. It also sells Powa PIN, a bluetooth enabled card reader which can be coupled with the PoS to accept card payments. 3. Powa Web: It offers payment gateway API solutions for e-commerce stores which supports 200 banks, 30 payment services provider and can accept payments in over 22 currencies via different payment methods like credit and debit cards, e-wallets and pre-paid cards. It also offers a dashboard to e-commerce stores for managing multiple online stores, customer and product informations, payment processing and facilitates integration with google analytics and shopping.
Powa has 2 investors. Key investors include SuperCom, and Wellington.
Powa operates through Powa Technologies Ltd.
Yes. Powa was acquired by SuperCom in April 2016.