pawaPay Closes $9M Seed Funding
- pawaPay, a London, United Kingdom-based payments company focused on Africa, raised $9m in seed funding
- The round was co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures and Zagadat Capital
- The company intends to use the funds to scale its operational presence, find more talent to join the team, and expand into new markets on the continent
- The company is focused on the mobile money infrastructure provided by telecommunications companies (telco) in Africa
- Through its API, merchants can access more than 300 million customers in more than ten markets and enjoy payments
- With a single API, pawaPay’s customers can access all telco mobile money systems and thus receive and send payments to hundreds of millions of people
