# Ozow Proprietary

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ozow-proprietary

- Industry: Financial Services
- Headquarters: Johannesburg, South Africa
- Website: www.ozow.com
- Total disclosed funding: $48M
- Latest round: Series B (Nov 17, 2021)
- Investors on record: 5

## About

Ozow Proprietary Limited is a South African online payment gateway that facilitates seamless bank-to-bank transactions, enabling users to send, pay, and withdraw funds efficiently through its innovative platform.Founded in 2014, Ozow Proprietary Limited is based in Johannesburg, South Africa, and specializes in providing peer-to-peer payment solutions. The company has successfully raised ZAR 745 million in its Series B funding round as of November 17, 2021, led by Tencent Investment, with participation from Endeavor Catalyst and Endeavor South Africa. CEO Eli Nahmani, alongside co-founder Thomas Pays, drives the company's vision to enhance digital payment solutions.Ozow is a leading online payment gateway that provides a peer-to-peer payment solution, enabling users to top up, send, pay, and withdraw funds directly from their bank accounts through its Ozow.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. The product suite emphasizes convenience and security, targeting the growing demand for cashless payments while ensuring compliance with international safety standards.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. Specific details about individual pricing for flagship services such as the Ozow EFT integration or One-Blink Payments have not been disclosed.Following the recent funding round of ZAR 745 million in November 2021, Ozow Proprietary Limited intends to further develop its product offerings and expand into new markets. The specific regions targeted for growth have not been detailed, but the funding will significantly support these initiatives to enhance their competitive stance in the digital payment sector.

## Funding rounds

- Series B, Nov 17, 2021, $47M — Tencent Investment, Endeavor Catalyst, Endeavor South Africa
- Series A, Jun 25, 2019 — Kalon Venture Partners
- Seed, Nov 17, 2017, $0.7M — Grotech Ventures

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Seed
- Kalon Venture Partners (https://capitalatlas.ai/funds/kalon-venture-partners) — Series A
- Tencent Investment — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Endeavor South Africa (https://capitalatlas.ai/funds/endeavor-south-africa) — Series B