Nigeria · Financial services startup

Paga Group Ltd

Paga Group Ltd is a prominent Nigerian fintech company that specializes in mobile payments and digital financial services across Africa.

Funding reportedLast round: Series B

Financial servicesLagos, Nigeria

About Paga Group Ltd

Paga Group Ltd is a prominent Nigerian fintech company that specializes in mobile payments and digital financial services across Africa.

Founded in 2009 by Tayo Oviosu and Jay Alabraba, Paga aims to transform how people access and manage money in a cash-dominant economy. The company is headquartered in London, UK, and operates a diverse portfolio centered around three main business verticals: consumer banking and payments, platform-as-a-service, and retail solutions through the Doroki Super App. Paga serves over 29 million customers and has facilitated more than 460 million transactions, amounting to over ₦23 trillion (approximately $44 billion). Its offerings include a mobile app for money transfers, bill payments, and savings, as well as a merchant platform for businesses. Paga also provides APIs for third-party developers, enabling them to integrate financial services into their applications. With a vast distribution network of over 13,000 agent outlets in Nigeria, Paga is committed to enhancing financial access and supporting economic growth in the region.

What company datasets say Paga Group Ltd raised

Funding, as reported

Reported in all43.4Min the source's currency
Last roundSeries B
Last round size10M
Last round dateMar 2024

On 3 portfolio pages

Investors who name them

Each firm lists Paga Group Ltd on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

digital payment infrastructure africaafrican sme financial toolsus-africa remittance platformmobile paymentssecure digital walletuser experiencemobile money platformremittance and payment platform africadigital paymentsconsumersretail managementagent banking network africadigital banking solutionsrequest moneyus-based african bankingreserve

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Sector
Financial services
Industry code
NAICS 522320, 513210, SIC 7372
Region
Lagos

Financial services in Nigeria

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