This new capital will be deployed toward expanding its payment infrastructure, accelerating growth and growing its team, the company said. However, it wasn’t until five years later that the firm completed that launch in Lagos. These merchants have processed $500 million — a 5,000% increase within three years — across 10 million transactions, the company continued. “No major company is coming in with modern technology trying to tackle this space and that’s one area that we see an opportunity for us because we are primarily a retail payment platform. “ZirooPay has a patented technology advantage (that works without an internet connection) and distribution model that significantly increases the odds of digitizing the offline economy at a unit cost that makes the story particularly compelling.