About Shago Payments
Shago Payments is a company based in Lagos (Nigeria) founded in 2018 was acquired by Alerzo in October 2021.. Shago Payments operates in a competitive market with competitors including Dewallet, UNITPLUG, QuickSub, Nibox and Best Data, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Phone
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Website
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Social
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Funding Insights of Shago Payments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shago Payments
Shago Payments has secured backing from 1 investor. Prominent investors backing the company include Alerzo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of software solutions enabling informal distribution for retail businesses
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shago Payments
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Shago Payments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shago Payments Comparisons
Competitors of Shago Payments
Shago Payments 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 Dewallet, UNITPLUG, QuickSub, Nibox and Best Data, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile app for bill payments, airtime, utilities, and educational services.
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| domain | founded_year | HQ Location |
Operates as a platform for individuals to manage and pay bills conveniently.
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| domain | founded_year | HQ Location |
Platform for buying data, reselling airtime, paying bills, and converting airtime to cash.
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| domain | founded_year | HQ Location |
Multi-platform payment solutions for individuals and businesses
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| domain | founded_year | HQ Location |
Offers a wallet-enabled payment solution for consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shago Payments
Frequently Asked Questions about Shago Payments
When was Shago Payments founded?
Shago Payments was founded in 2018.
Where is Shago Payments located?
Shago Payments is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Shago Payments do?
Shago Payments, established in 2018 and currently in Acquired stage, focuses on innovating financial technology, facilitating payment transactions, consumer payments, vertical payments, bill payments, and horizontal. Online platform for money transfer and consumer bill payments. Adapting to market demands with innovation and client-focused strategies.
Who are the top competitors of Shago Payments?
Who are Shago Payments's investors?
Shago Payments has 1 investor. Key investors include Alerzo.
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