OverviewSuggest Edit

Paga is a direct to consumer mobile payments service. The Company's mission is to deliver innovative and universal access to financial services across Africa. The platform allows users with mobile phones to transact electronically by turning the mobile phone into an electronic wallet. Its customers are able to use Paga to send cash, purchase airtime credit, pay bills and retailers, etc. Paga also enables customers to transact over the internet via its mobile application.

TypePrivate
Founded2009
HQLagos, NG
Websitemypaga.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Jul 2021)332
Cybersecurity ratingAMore

Key People/Management at Paga

Tayo Oviosu

Tayo Oviosu

Founder, CEO
Jay Alabraba

Jay Alabraba

Co-Founder, Head Sales and Distribution
Eric Chijioke

Eric Chijioke

Chief Technical Officer
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Paga Office Locations

Paga has offices in Lagos, Abuja, Ibadan, Ilorin and in 1 other location
Lagos, NG (HQ)
176, Herbert Macaulay Way, 3rd Floor, Yaba
Abuja, NG
70 Aminu Kano Cres, Wuse
Ibadan, NG
90/91 Choice plaza, Challenge
Ibadan, NG
Suite B8 Choice Plaza, 90/91 Challenge Expressway
Ilorin, NG
119A Ibrahim Taiwo road
Port Harcourt, NG
No. 28 Stadium Rd, Rumuomasi
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Paga Financials and Metrics

Summary Metrics

Founding Date

2009

Paga total Funding

$32 m

Paga latest funding size

$10 m

Time since last funding

3 years ago

Paga investors

Paga's latest funding round in October 2018 was reported to be $10 m. In total, Paga has raised $32 m
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Paga Operating Metrics

Paga's Customers was reported to be 14 m in Feb, 2020.
Oct, 2018Feb, 2020

Agents

24.41 k

Customers

9 m14 m
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Paga Acquisitions / Subsidiaries

Company NameDateDeal Size
Apposit LLCJanuary 22, 2020

Paga Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Paga Online and Social Media Presence

Embed Graph

Paga News and Updates

Nigerian Payments App Paga May Be Africa’s Next Unicorn

Nigerian Payments App Paga May Be Africa’s Next Unicorn

Visa teams up with Nigeria's Paga

We are pleased to announce our strategic partnership with Visa to enable Paga and Visa work closely...

Visa partners with Paga on payments and fintech for Africa and abroad

Visa has entered a partnership with Nigeria based startup Paga on payments and technology. Founded in Lagos, Paga scaled its fintech business in West Africa, before targeting expansion in Ethiopia and Mexico. The startup has created a multi-channel network for over 14 million customers in Nigeria to…

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu tol…

Africa Roundup: Paga goes global and 4 startups raise $99M in VC

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Polestar unveils first production EV with aim to overtake Tesla Liquid Telecom goes long on Africa’s startups as future clients Nigerian digital payments st…

With a $10 million round, Nigeria’s Paga plans global expansion

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor African tech leaders Fope Adelowo, Ken Njoroge, Tayo Oviosu to speak at Disrupt SF Offering a white-labeled lending service in emerging markets, Mines raise…
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Paga Blogs

Paga Sponsors MoC’s Live Coverage of the Tokyo Olympic Games!

With only 3 days before the commencement of the Tokyo 2020 Olympics, Nigeria’s foremost sports management and media firm — Making of Champions Limited (MoC) — has announced leading payments & mobile money company Paga, as the official sponsor of MoC’s live coverage of the Tokyo Olympic Games sch…

Paga Unveiled as Lead Sponsor for MoC Relays!

With only 4 days before the commencement of the MoC Relays, Nigeria’s foremost sports management and media firm — Making of Champions Limited (MoC) — have announced leading payments & mobile money company Paga as the lead sponsor of the event slated to hold on Sunday, June 27th at the Yaba Colle…

Overpayment Scams: How They Work, And How To Avoid Them

Overpayment Scams: How They Work, And How To Avoid ThemYou are probably aware of different kinds of scams, from Ponzi schemes to debit card fraud, but because we care, we want to explain a recent scam method known as the Overpayment Scam.These days where all you need to run a business is an Instagra…

Five Uniquely Nigerian Things That You Will Surely Miss If You Decide To “Japa”

We know that sometimes living in Nigeria feels a little difficult, and the things we see on the news do not help matters.It’s very tempting to pick up a passport, find a way to Murtala Muhammed Airport, and jump on a plane out of the country…But before you make that move, think twice, in fact, think…

Chelsea vs Man City: What Life Lessons Can Possibly Be Learned From Football

We know, we were curious too…Until we took time to watch the game again, and break it down in bits.It probably sounds very cliche, like, Monday-morning-on-LinkedIn kind of cliche to try drawing out life lessons from a 90-minute game of football, but the truth is that we learned a number of things fr…

The Importance of Rest — Purposed and Deliberate.

The Importance of Rest — Purposed and Deliberate.We’ve been hard wired by societal norms to think that rest is for those who are not busy. Me? Not busy? That’s an abomination! We fill every waking second with activity. We sometimes fail to check whether all the movement is even in the right directio…
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Paga Frequently Asked Questions

  • When was Paga founded?

    Paga was founded in 2009.

  • Who are Paga key executives?

    Paga's key executives are Tayo Oviosu, Jay Alabraba and Eric Chijioke.

  • How many employees does Paga have?

    Paga has 332 employees.

  • Who are Paga competitors?

    Competitors of Paga include dLocal, Wellpay and Rivet Health.

  • Where is Paga headquarters?

    Paga headquarters is located at 176, Herbert Macaulay Way, 3rd Floor, Yaba , Lagos.

  • Where are Paga offices?

    Paga has offices in Lagos, Abuja, Ibadan, Ilorin and in 1 other location.

  • How many offices does Paga have?

    Paga has 6 offices.