pawaPay UK Based 9m MSA Capitalkeneokafortechcrunch
Introduction of pawaPay
Today we briefly learned about PawaPay. Pawapay is one type of payment method, and it is a payment processor that accepts mobile account payments in the most important markets. We are accessible via a single payment API with no chargeback risk.
Pawapay UK based 9m MSA Capitalkeneokafortechcrunch
Pawapay UK based 9m msa capitalkeneokafortechcrunch is a UK-based fund. And it produces creative, quick fixes for small & medium-sized businesses. Besides, Pawapay UK based 9m msa capitalkeneokafortechcrunch is an online payment platform. This online platform authorizes security to SMEs in payment procedures.
With this fantastic platform’s help, customers & suppliers don’t need any cards or bank accounts for payment procedures. It is a secure & well-organized platform. On top of that, Pawapay UK based 9m msa capitalkeneokafortechcrunch assists businesses in making systematic decisions depending on brand-new data. This online platform makes life easier for customers & suppliers of SMEs.
This innovative idea was invented by Nikolai Barnwell & Pawapay UK based 9m msa capitalkeneokafortechcrunch remains established in 2019. The Chairman of the Board is Kresten. He is a serial entrepreneur and venture capitalist. It made 45 early-stage investments in Kenya, South Africa, and Nigeria through Africa’s first seed fund, 88mph, between 2009 and 2014. Mdundo, emPawa, and betPawa are among the brands in the 88mph portfolio.
Nikolai Barnwell is CEO of Pawapay. He worked in the African technology space as an investment manager at 88mph ten years ago and was instrumental in the success of betPawa and Mdundo. Nikolai is now deeply committed to developing alternative financial Mobile Money infrastructures in Africa. pawaPay’s headquarters remains at Routeco Office Park, Davy Avenue, Knowlhill.
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Nearly 7661 followers on LinkedIn. Simplifying Payments in Africa | pawaPay helps global companies accept payments from African consumers. Building around mobile money is critical when companies create digital payments-facing solutions for African countries outside Nigeria and South Africa. It’s a no-brainer.
The concept is ubiquitous in East Africa, but since mobile money is a telecom operator-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 collapses the technical integrations from telecom operators like AirtelTigo, Econet, MTN, Safaricom, Orange, and Vodafone into one business API.
Today, the company says it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets. But, U.K.-based fund 88mph co-led the round with China-based MSA Capital, with Zagadat Capital, Kepple Ventures, and Vunani Capital participation.
PawaPay spun off last year from online sports betting company betPawa. But, The company remains led by CEO Nikolai Barnwell, betPawa’s former head of New Markets, Africa. He also sits on the board at 88mph.
The company switched lanes when it went to move thousands of its contractors to W2 employee status and found that existing payroll processors that could handle the high volumes of payroll automatically could not include daily payments or customized earning capabilities.
Since then, Zeal has been developing payroll API infrastructure that allows clients and customers to build customized payroll products with trackable, back-end logistic capabilities. Its newest product, Abacus, enables payroll companies’ gross-to-net calculations and ensures income tax compliance.
“It is a no-brainer that APIs provide flexibility in how wages and deductions must remain made. You can lose trust in your employer, and payroll is at the deepest trust point and where you want transparency and a robust solution to solve that need,” Spark Capital partner Natalie Sandman told TechCrunch.
In other recent fintech news, financial service infrastructure company pawaPay raised a $9 million seed round in a push to unify sub-Saharan’s mobile payment services. U.S. Bank also announced becoming a limited partner in two venture capital firms, Fin Venture Capital and Commerce Ventures.
PawaPay helps global companies accept payments from and terminate transactions with African consumers via mobile money. pawaPay’s headquarters remain located at Routeco Office Park Davy Ave, Milton Keynes, Milton Keynes, MK5 8HJ, United Kingdom
Plot 49 Ntinda Road, 107797, Kampala, Uganda
Registered office address
C/O Freeths Llp Routeco Office Park Davy Avenue, Knowlhill, Milton Keynes, England, MK5 8HJ
PawaPay is a payments company that offers mobile payment solutions to African consumers. The company takings the technical integrations from telecom operators like AirtelTigo, MTN, Econet, Orange, Safaricom, and Vodafone and collapses them into one API for businesses.
PawaPay focuses on the mobile money infrastructure provided by telecommunications companies in Africa. Each telco in an individual country offers its single mobile money product, which makes the mobile money infrastructure – across borders and telcos – highly fragmented and opaque.
Fragmentation means that it is unnecessarily exclusive to use and frustratingly unstable. Through pawaPay’s simple API, merchants can access over 300 million customers in more than ten markets and enjoy seamless, transparent, and highly reliable payments.
Our vision is to connect each and everyone Mobile Money wallet in Africa to each other and with the world. We are laying the actual Mobile Money payments infrastructure to empower every person and every organization active in Africa to grow and achieve more.
With a single API, pawaPay’s customers can access all telco mobile money systems and thus receive and send payments to … pawaPay logo. PawaPay is a private company. Therefore, it does not currently have an official ticker symbol.
Oluwatosin Ajibade, also known as Mr. Eazi, is helping to grow the African technology economy by investing in it. This is evident in his founding of Zagadat Capital, which recently invested in PawaPay, a company that helps people send and receive money internationally. The investment remained in collaboration with the UK-based fund 88mph, which co-led the round alongside China-based MSA Capital, Kepple Ventures, and Vunani Capital.
Oluwatosin is driven by his investment focus on Africa and his knowledge of Africa’s investment needs, landscape, and problem profile.
“We trust that mobile money-focused fintech is not just one of the most exciting places to invest but also one of the most significant bridges to safeguarding the financial inclusion of billions across the continent. “The most important thing for us is we trust in the clear mission, vision, and strategy, and we are confident that the PawaPay team is the top team to achieve it,” he said.
Mr. Eazi’s Zagadat Capital intends to invest in startups and businesses that will power Africa’s technological future. With its recent investment in PawaPay, Zagadat Capital is constructing a financially connected continent to itself and the rest of the world.
Funding is an excellent opportunity for customers and business owners. If you want to know the best part of Series A funding, it will help companies expand their business in the U.K. market, which is a good deal for businesses. Not only that, but this funding will also advance the features, capacities, and security measures. Unsurprisingly, it will help companies to expand their presence in the U.K. market.
AThere is no doubt that these opportunities will assist the company in establishing itself. Furthermore, it will aid the company’s growth and development in the coming year.