Acumen fund News

Mobile phone use has rocketed in Nigeria in the last decade but mobile money has not. (AP Photo/Sunday Alamba)

Nigerian mobile money leader Paga is doubling down on building a payments giant

Despite its success in other parts of Africa, mobile money has not fully taken off in Nigeria, Africa’s largest economy.

Nigeria money transfer company Paga raises $13M in series B financing

Nigeria money transfer company Paga raises $13M in series B financing

Paga, Nigeria’s leading mobile payment company, announced this week the completion of a $13 million Series B financing led by Adlevo Capital.

Jason Njoku

Top 10 Tech CEOs In Nigeria

Drawing from statistics of Nigeria’s rebased GDP figures, information and communication technologies (ICT) and its sub-sectors are key drivers of Nigeria’s impressive economic growth.