According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly.

The company allows consumers to access their internet banking platform when they make transactions online. The platform, which caters to more than 47 million bank account holders, typically works this way. The company also works with distributors and payment service providers and resellers of its product. Founder and CEO Thomas Pays started Ozow in 2014 to drive financial inclusion through open banking. Ozow is one such player. Ozow is free for individual users.

South African Payments Gateway Ozow Raises $48M Series B Led By Tencent

Description

Company Information

Funding Insights

South African Payments Gateway Ozow Raises $48M Series B Led By Tencent

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Company Information