Powa Technologies

Powa Technologies was a UK-based fintech and commerce company founded in 2007 by Dan Wagner.

The company specialized in integrating physical and digital retail through mobile payments, e-commerce, and point-of-sale (POS) solutions. At its peak, Powa was valued at over $2.7 billion and became one of Britain's first tech "unicorns." It was headquartered in London and had a global presence with offices in major cities like New York, Tokyo, and Paris. Powa offered a suite of commerce solutions, including PowaTag, a mobile application for instant purchases using QR codes and NFC tags; PowaWeb, a cloud-based e-commerce platform for managing online shops; and PowaPOS, a mobile POS solution for merchants. The company served over 950 retailers and brands worldwide, focusing on the retail, mobile commerce, and e-commerce sectors. Powa Technologies raised approximately $226.7 million from various investors before entering administration in 2016 and was subsequently acquired.