Friday
August 27
2021

pawaPay Raises $9 Million Seed Backed by MSA Capital, 88mph and Mr Eazi’s Zagadat Capital

By Tage Kene-Okafor

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. It’s literally a no-brainer.

The concept is ubiquitous in East Africa, but since mobile money is a telecom operators-led initiative, there are technical complexities in creating a unified infrastructure for businesses that need it.

PawaPay, a U.K.-based and Africa-focused payments company, is one of the few tackling these complexities. The company takes the technical integrations from telecom operators like AirtelTigo, Econet, MTN, Safaricom, Orange and Vodafone and collapses them into one API for businesses.

Photo courtesy of Erik (HASH) Hersman.

Source: TechCrunch (link opens in a new window)

Categories
Finance
Tags
digital payments, financial inclusion, financial services, funding, mobile money, technology