Capricorn Investment Group News

Tayo Oviosu, Founder & CEO, Paga

He's Banking the Unbanked in Nigeria and Beyond

“I knew that whatever I wanted to do had to pass the big idea test.” For Tayo Oviosu, 39, that big idea was Paga, now the largest distribution network for financial services in Nigeria, reaching more than 6 million people.

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.