Ozow Proprietary

Founded in 2014, Ozow Proprietary Limited is based in Johannesburg, South Africa, and specializes in providing peer-to-peer payment solutions.ME platform. The company's primary offerings include seamless card payments, bank-to-bank transfers, and various payment options such as QR codes, e-billing, and payment links, which cater to both individual customers and businesses. Launched to address the need for secure and efficient digital transactions, Ozow serves a diverse client base across South Africa, connecting businesses of all sizes with approximately 47 million bank account holders.Ozow generates revenue through its payment processing services, which include transaction fees charged to merchants for each payment processed via its platform. The transaction structure primarily operates on a B2B model, where businesses partner with Ozow to facilitate payments for their customers, enhancing their service offerings. In this scenario, merchants utilize Ozow to accept payments from consumers, who can make purchases without the need for physical cards. Pricing plans are structured around competitive merchant rates, offering various options tailored to the needs of different types of businesses, including subscriptions or partnerships for ongoing services.

1. Series B

   Nov 17, 2021

   Amount

   $47M

   Investors

   Locked

2. Series A

   Jun 25, 2019

   Amount

   Undisclosed

   Investors

   Locked

3. Seed

   Nov 17, 2017

   Amount

   $0.7M

   Investors

   Locked