Zoona Transactions International

Zoona Transactions International Limited is a Zambian company founded in 2009 and headquartered in Lusaka. It operates in the financial services sector, offering a range of solutions to improve accessibility to financial systems. The company has successfully completed 7 deals, with its most recent deal on November 18, 2022.00 mn.Zoona provides a comprehensive suite of financial services aimed at promoting financial inclusion in Southern Africa. Key offerings include agent services like cash deposits and withdrawals, international money transfers, and the Z CODE service, which facilitates essential financial transactions without hidden fees. These services cater to individuals, small businesses, and organizations, enabling transactions across over 150 countries through partnerships with remittance providers such as Mukuru, World Remit, and Remitly.Revenue at Zoona is primarily generated through transaction fees for services such as cash deposits, withdrawals, and remittances. Customers pay for services directly at Zoona outlets, while the Tilt brand facilitates bulk payments and collections for clients, including NGOs and private sector entities. The pricing model varies based on transaction amounts, ensuring tailored solutions for personal and business clients.Following the acquisition by Critical Ideas, Inc. in November 2022, Zoona aims to expand its payment solutions and enhance its market presence across Africa. The company is focusing on developing new products and targeting specific markets for expansion, although detailed timelines and new product specifications are not disclosed.

1. Series B

   Aug 17, 2016

   Amount

   $15M

   Investors

   Locked

2. Series A

   Feb 29, 2012

   Amount

   $3.2M

   Investors

   Locked