Touch and Pay Technologies

Lagos, Nigeria Founded: 2017 • Age: 9 yrs
NFC-enabled contactless payment cards are provided for consumers and businesses.
Annual revenue - Latest available
Total funding $3.1M 4 rounds
Employees - Tracked headcount
Investors 3 Known backers
Products - Services tracked
Competitors 8 Brand Intelligence

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
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $3.12 M (USD)

    in 4 rounds

  • Latest Funding Round
    $50 K (USD), Grant

    Oct 28, 2022

  • Investors
    EcoFintech

    & 2 more

  • Employee Count
    Not available
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People of Touch and Pay Technologies

Headcount 10-50
Employee Profiles 12
Employee Profiles
People
Kabiru Yabo
COO
People
Samuel Ariyo
Finance
People
Afolabi Olamide
Co-Founder and CEO
People
Abdulrasheed Tella
Engineering

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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.

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
A fintech initiative by Ecobank Transnational Inc. is developed.
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Early-stage startups are accelerated via funding and educational programs.
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Provides online business courses, investment opportunities, and personalized consultations globally.
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Investor details for Touch and Pay Technologies

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  • Investor domains
  • Investor locations
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  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Touch and Pay Technologies

Investments
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Investment portfolio details for Touch and Pay Technologies

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  • Transaction dates
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Financial Statements - Touch and Pay Technologies

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Detailed financials for Touch and Pay Technologies

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  • Profit trends
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Touch And Pay Technologies Comparisons

Touch and Pay Technologies Primary company
Description
NFC-enabled contactless payment cards are provided for consu...
Location
Lagos, Nigeria
Founded Year
2017
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Touch and Pay Technologies

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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.

Company Name Domain Founded year HQ Location Description
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Provider of white-label mobile payment and ticketing solutions
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Customer engagement platform connects mobile devices to physical business assets.
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Contactless payment solutions for businesses
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NFC-enabled contactless payment solutions are provided for businesses.
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IoT system for coin-operated machines is provided by Tigapo.
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Detailed competitors of Touch and Pay Technologies

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Latest news on Touch And Pay Technologies

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Complete news archive for Touch and Pay Technologies

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  • Older coverage
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Frequently Asked Questions about Touch and Pay Technologies

Touch and Pay Technologies was founded in 2017 and raised its 1st funding round 5 years after it was founded.

Touch and Pay Technologies is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.

Touch and Pay Technologies is a funded company, having raised a total of $3.12M across 4 funding rounds to date.

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.

Touch and Pay Technologies's top competitors include Swiipr, Tigapo and Dejamobile.

Touch and Pay Technologies has 3 investors. Key investors include EcoFintech, Tekedia, and Y Combinator.

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