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Ozow

https://ozow.com/
Last activity: 05.11.2025
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Categories: AfricaTechB2CE-commerceFastFinTechITMobileOnlineServiceSmart
Ozow is the future of payment as we know it. An oh-so (or Ozow) easy, automated and ultra-secure EFT solution that helps customers pay in just a few seconds, merchants can initiate Ozow payments through a variety of payment platforms, such as SMS, eCommerce, eBilling, QR Code and instore Point-of-Sale (POS).

Through Ozow’s precise and secure system (that reduces the risk of charge-backs), merchants get real-time payments with instant transaction notifications and automated bank reconciliations. As no card is required for payment, their products are also more widely available, resulting in less abandoned carts, increased sales and more happy customers. Furthermore, merchants enjoy transaction fees as low as 1,5%, with no monthly costs, setup fees, or minimum charges, enabling them to save their money. As an added bonus, merchants processing up to R1m per month can use Ozow for free in their first year, no strings attached.

Ozow is committed to financial inclusion on a continent where many people are disenfranchised by a lack of payments options. Furthermore, Ozow is committed to making it affordable for smaller businesses to take their trade to a wider audience, and to ensure that if traditional payment methods are unavailable, merchants don’t suffer.

To date, Ozow has processed over a billion transactions, and has processed a combined value exceeding R5 billion.

Ozow is bringing commerce to a wider audience, promoting financial inclusion and innovating for our customers. Paying with us is Ozow easy, Ozow fast and Ozow trusted!
Likes
13.18K
Followers
1.48K
Website visits
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Mentions
47
Location: South Africa, Western Cape, Cape Town
Employees: 51-200
Total raised: $48M
Founded date: 2014

Investors 3

Funding Rounds 1

DateSeriesAmountInvestors
25.11.2021Series B$48M-

Mentions in press and media 47

DateTitleDescription
05.11.2025Romeo Kumalo, Gil Oved to set up R3.5-billion tech fundFrom left, Romeo Kumalo and Gil Oved LLH Capital, a private equity firm led by Romeo Kumalo and Gil Oved, sold down a significant portion of its stake in Optasia during the latter’s JSE listing on Tuesday and now plans to use the funds to i...
10.09.2025TymeBank rolls out PayShap Request for merchant partnersDigital challenger bank TymeBank has introduced a PayShap Request payment option that third-party payment service providers can offer to merchants to use with their clients. According to a statement by the bank on Wednesday, the functionali...
29.01.2025Casinoble South Africa Highlights Instant EFT as the Best Payment Method for Online Casino PlayersCasinoble South Africa Highlights Instant EFT as the Best Payment Method for Online Casino Players Wed, Jan 29, 2025 16:08 CET Report this content Cape Town, South Africa – January 29, 2025: South African online casino players are increasin...
27.12.2024To increase access to SME financing, SA fintech Sourcefin secured $8.2 M funding from FuturegrowthFuturegrowth Asset Management has contributed ZAR150 million (US $8.2 million) to Sourcefin, a fintech and alternative funding provider based in South Africa that offers small and medium-sized businesses (SMMEs) access to financing and spec...
30.05.2023Global CFD Broker RaiseFX Announces The Addition of OZOW, powered by Rapid Payments in South AfricaRaiseFX Global CFD Broker CAPETOWN, SOUTH AFRICA, May 30, 2023/EINPresswire.com/ -- RaiseFX, a leading multi-regulated CFD broker, is pleased to announce the addition of Ozow, powered by Rapid Payments (https://ozow.com/) to its list of par...
26.04.2023S Africans still clinging to cash, but that may soon changeThe message from South Africa’s fintech sector is clear: cash should no longer be king in South Africa and a move to digital open banking is imperative. Speaker after speaker at a conference hosted by Ozow held in Cape Town on Tuesday stres...
07.02.2023Startups in the billing space you need to knowThey include Chargebee, Zentoni, DeferIt, SplitWise, and Monetize360 Like nearly eveything else, digitization has changed the way we pay for things. I'm not only talking about electonic payment consumer apps like Zelle and Venmo, but even t...
24.11.2021South African e-payments platform Ozow lands $48m in Series B fundingSouth African e-payments service Ozow has raised $48 million in a Series B funding round led by Chinese tech giant Tencent. Ozow claims over $100m in monthly transaction volume The Series B also saw participation from Endeavor Harvest Fund ...
21.11.2021Ozow, a South African fintech company, has secured a $48 million Series B round of fundingFintech startup Ozow has secured a US$48 million Series B round of funding to help it grow its product line and enter new markets in South Africa. China’s Tencent is the lead investor in Ozow’s US$48 million Series B investment, which also ...
18.11.2021South Africa's Ozow secures $48MFintech startup Ozow has raised $48 million in Series B funding led by Tencent, with participation from Endeavor Catalyst and Endeavor Harvest Fund. The Johannesburg-based company (formerly i-Pay) provides a digital payments gateway to impr...
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