New $10 mln investment pushes Paga total amount to $35 mln

Paga, one of the leading mobile money companies in Nigeria, has disclosed that it recently closed a $10 million financing deal led by the Global Innovation Fund (GIF). Also participating in the investment are existing investors in the company – Goodwell (managed by Alitheia Capital), Adlevo Capital, Omidyar Network and Unreasonable Capital. A statement from […]

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Paga hit 5 million subscribers

Financial solutions outfit, Paga, has hit 5 million users, claims its founder Tayo Oviosu. He could not suppress his joy as he reminisced on the journey of the company spanning over 7 years. Recalling the tough start, Oviosu said ‘First it took us 13 months to get our license — got it in November 2011. “Without a […]

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