About Touch and Pay Technologies
Touch and Pay Technologies is a company based in Lagos (Nigeria) founded in 2017.. Touch and Pay Technologies has raised $3.12 million across 4 funding rounds from investors including EcoFintech, Tekedia and Y Combinator. Touch and Pay Technologies operates in a competitive market with competitors including Dejamobile, SensePass, Swiipr, ViVOtech and Tigapo, among others.
- Headquarter Lagos, Nigeria
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.12 M (USD)
in 4 rounds
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Latest Funding Round
$50 K (USD), Grant
Oct 28, 2022
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Investors
EcoFintech
& 2 more
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Employee Count
Employee Count
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Funding Insights of Touch and Pay Technologies
Touch and Pay Technologies has successfully raised a total of $3.12M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $50 thousand completed in October 2022. 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 Total Funding
- Total Rounds 4
- Last Round Grant — $50,000
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First Round
First Round
(01 Jun 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Grant - Touch and Pay Technologies | Valuation |
investors |
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| Sep, 2022 | Amount | Seed - Touch and Pay Technologies | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - Touch and Pay Technologies | Valuation |
investors |
| 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 Touch and Pay Technologies
Touch and Pay Technologies has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include EcoFintech, Tekedia and Y Combinator. 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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A fintech initiative by Ecobank Transnational Inc. is developed.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Provides online business courses, investment opportunities, and personalized consultations globally.
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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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Founded Year | Domain | Location | |
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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 Touch and Pay Technologies
| 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 - Touch and Pay Technologies
| 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 |
Touch And Pay Technologies Comparisons
Competitors of Touch and Pay Technologies
Touch and Pay Technologies 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 Dejamobile, SensePass, Swiipr, ViVOtech and Tigapo, 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 |
Provider of white-label mobile payment and ticketing solutions
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| domain | founded_year | HQ Location |
Customer engagement platform connects mobile devices to physical business assets.
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| domain | founded_year | HQ Location |
Contactless payment solutions for businesses
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| domain | founded_year | HQ Location |
NFC-enabled contactless payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
IoT system for coin-operated machines is provided by Tigapo.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Touch And Pay Technologies
Frequently Asked Questions about Touch and Pay Technologies
When was Touch and Pay Technologies founded?
Touch and Pay Technologies was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Touch and Pay Technologies located?
Touch and Pay Technologies is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is Touch and Pay Technologies a funded company?
Touch and Pay Technologies is a funded company, having raised a total of $3.12M across 4 funding rounds to date.
What does Touch and Pay Technologies do?
Touch and Pay Technologies was founded in 2017 in Lagos, Nigeria. Operations focus on the fintech sector, where NFC-enabled contactless payment cards are supplied to consumers and businesses. Offline cashless transactions are facilitated through NFC devices and tap automation. A revenue assurance platform is utilized to register, collect, and track customer payments. Services extend to industries such as healthcare, identity management, events, entertainment, transportation, education, and additional verticals.
Who are the top competitors of Touch and Pay Technologies?
Touch and Pay Technologies's top competitors include Swiipr, Tigapo and Dejamobile.
Who are Touch and Pay Technologies's investors?
Touch and Pay Technologies has 3 investors. Key investors include EcoFintech, Tekedia, and Y Combinator.
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