pawaPay helps global companies accept payment on African consumers’ terms - mobile money. We provide a simple mobile EFT solution that in reach, user-friendliness, and payment terms trashes yesterday’s payment method: the credit card.
We simplify international transfers to Africa, instantly terminating the disbursements on telco’s mobile wallets. Made for remittance companies and other companies that need to get money smoothly and fast to African consumers or businesses.
Africa - the global mobile money leader
66% of global mobile money transactions are made in Sub-saharan Africa. Mobile money is the preferred money transfer method for Sub-Saharan Africans and it’s still growing - a lot. Last year alone, registered mobile money accounts in the Sub-Saharan region grew by 11.9%. And total transaction value grew by 27.5% to reach half a trillion USD.
East Africa leads the mobile money revolution, processing 50-60% of GDP. The rest of the region is now catching up. Last year, the value of transactions in West Africa grew 33% to $130B and in Central Africa, they grew 35% to $30B.
By contrast, credit card penetration is at less than 6% vs over 80% for mobile money penetration in East Africa.
We simplify international transfers to Africa, instantly terminating the disbursements on telco’s mobile wallets. Made for remittance companies and other companies that need to get money smoothly and fast to African consumers or businesses.
Africa - the global mobile money leader
66% of global mobile money transactions are made in Sub-saharan Africa. Mobile money is the preferred money transfer method for Sub-Saharan Africans and it’s still growing - a lot. Last year alone, registered mobile money accounts in the Sub-Saharan region grew by 11.9%. And total transaction value grew by 27.5% to reach half a trillion USD.
East Africa leads the mobile money revolution, processing 50-60% of GDP. The rest of the region is now catching up. Last year, the value of transactions in West Africa grew 33% to $130B and in Central Africa, they grew 35% to $30B.
By contrast, credit card penetration is at less than 6% vs over 80% for mobile money penetration in East Africa.
Location: United Kingdom, England, London
Employees: 11-50
Total raised: $9M
Founded date: 2020
Investors 2
| Date | Name | Website |
| - | MSA Novo | msanovo.co... |
| - | Kepple Afr... | kepple-afr... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 31.08.2021 | Seed | $9M | - |
Mentions in press and media 12
| Date | Title | Description |
| 31.08.2021 | PawaPay banks $9M seed investment | Africa-focused payments startup PawaPay has secured $9 million in a round led by 88mph and MSA Capital. The capital will go toward recruitment and expansion into new African markets. The London-based startup's tech allows merchants to acces... |
| 30.08.2021 | African fintech pawaPay secures $9-million | African fintech pawaPay has secured $9-million in a seed funding round co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures and Zagadat Capital. pawapay has secured $9-million According t... |
| 27.08.2021 | pawaPay Closes on Seed Funding of $9M | Share this: Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new... |
| 27.08.2021 | Sub-Saharan financial infrastructure company pawaPay raises $9M seed | PawaPay, a UK company focused on building financial infrastructure in sub-Saharan Africa, announced raising a $9 million seed round co-led by 88mph and MSA Capital, according to EU-Startups. The company, which spun off last year from online... |
| 27.08.2021 | London-based PawaPay lands €7.6 million to simplify payments in Africa | UK-based and Africa-focused payments company PawaPay has closed an approx. €7.6 million seed funding round to scale its operational presence, recruit talent and expand into new markets. The round was co-led by British fund 88mph and China-b... |
| 26.08.2021 | PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital | 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 mon... |
| 26.08.2021 | Pan-African fintech startup, pawaPay, raises $9 million seed for expansion and talent recruitment | Uk-based Pan-African fintech startup, @pawapay has announced raising $9 million in seed financing. The platform is looking to expand across Africa and strengthen team talent. |
| 26.08.2021 | pawaPay closes $9m seed round from MSA and Mr Eazi’s Zagadat Capital | pawaPay, an African payments company based in the UK, has secured a $9 million seed fund to scale its operations, hire more talents, and expand into new African countries. The round was led by MSA and UK-based investment fund 88mph. Vunani ... |
| 26.08.2021 | DEAL: African payment company, pawaPay has secured a $9 million Seed raise | --> --> PawaPay, a pan-African payment startup, has secured a $9 million Seed raise. The round was co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures, and Zagadat Capital. The cap... |
| 26.08.2021 | Pan-African fintech startup, pawaPay, raises $9 million seed for expansion and talent recruitment | Share this article: Today, Monday, August 26, 2021, Africa-focused fintech company, pawaPay announced the raise of $9 million in seed financing to strengthen its mobile money payment solutions team, scale operations, and foray into new mark... |
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