Pagatech
Latest round
- Series B
Last raised
- Sep 2018
Total raised
- $32M
Investors
- 7
About Pagatech
Pagatech Limited, headquartered in Lagos, Nigeria, was founded in 2009. It specializes in mobile payments and has made seven deals up to date.Paga primarily operates as a mobile payment company that enables users to perform a variety of financial transactions seamlessly. The core offerings include instant money transfers, bill payments, and mobile top-ups, allowing users to send or receive money to and from anyone with a phone number, email address, or bank account. Paga's services are designed for both banked and unbanked individuals, promoting financial inclusion across Nigeria. The platform also facilitates secure international remittances, enabling users to receive money from abroad directly to any Nigerian mobile number or bank account. With over 27,000 agents nationwide, Paga serves a diverse customer base, including individuals and businesses seeking convenient and reliable financial services.Paga generates revenue through transaction fees incurred during the processing of payments and transfers. The financial structure involves direct-to-consumer transactions, where users may incur charges for services such as sending money, requesting money, and performing bill payments. For instance, when a user initiates a money transfer, either domestically or internationally, a fee is applied based on the transaction amount or service used. Paga also offers business solutions that may involve partnerships with various service providers, expanding their revenue streams. Plans include the development of new products aimed at enhancing its service offerings, although specific launch dates have not been disclosed. The company is also exploring opportunities for expansion into additional African markets to increase its user base and enhance service accessibility.
Who invested in Pagatech
7 investors across 3 rounds
See all investors in Pagatech
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Pagatech
Who invested in Pagatech?
Pagatech has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Pagatech raised?
Pagatech has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Pagatech last raise money?
Pagatech's most recent round on record is a Series B, in Sep 2018.
What does Pagatech do?
Pagatech Limited, headquartered in Lagos, Nigeria, was founded in 2009.
Where is Pagatech headquartered?
Pagatech is headquartered in Lagos, Nigeria.
Which VCs invest in companies like Pagatech?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Pagatech's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
Raising like Pagatech? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.