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PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital

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The concept is ubiquitous in East Africa, but since mobile money is a telecom operators-led initiative, there are technical complexities in creating a unified infrastructure for businesses that need it.

PawaPay, a U.K.-based and Africa-focused payments company, is one of the few tackling these complexities. The company takes the technical integrations from telecom operators like AirtelTigo, Econet, MTN, Safaricom, Orange and Vodafone and collapses them into one API for businesses.

Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets.

U.K.-based fund 88mph co-led the round with China-based MSA Capital, with participation from Zagadat Capital, Kepple Ventures and Vunani Capital.

PawaPay spun off last year from online sports betting company betPawa. The company is led by CEO Nikolai Barnwell, betPawa’s former head of New Markets, Africa. He also sits on the board of 88mph.

According to him, starting pawaPay was to help people send and receive money internationally using mobile money.

An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. Typically, they would be required to use a bank account or card. But in places like Ivory Coast, where mobile money is prevalent, that becomes an issue.

Read full feature by Tech Crunch/ Tage Kene-Okafor

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Working in the media in Ghana took the best parts of my life-Jessica Opare Saforo

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Ghanaian Media Personality, Jessica Opare Saforo has stated that working for close to two decades in the media took the best parts of her life. (more…)

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A tearful Jessica Opare Saforo finally reveals real reason why she quit her job at Citi FM

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In January, 2022, social media was hit with the news about the departure of Media Personality, Jessica Opare Saforo from the Citi FM and Citi TV family. (more…)

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Black Sherif, KiDi, King Promise, Camidoh, Gyakie, Lasmid nominated for Soundcity MVP Awards

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Ghanaian artistes are showing up and showing out at the 2023 Soundcity MVP Awards. (more…)

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Sarkodie announces ‘Jamz World Tour’ 2023

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Africa’s most decorated rapper, Sarkodie has just announced that he’s touring the world this year! (more…)

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Rappers should be able to live other people’s reality, not just theirs- Sarkodie on keeping his music exciting

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Award-winning Ghanaian rapper, Sarkodie has shared some tricks he thinks Ghanaian rappers can use to enhance their flow of rap and uniqueness when it comes to music craft. (more…)

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We helped each other’s careers- Medikal on relationship with Sister Derby

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Ghanaian rapper, Medikal has stated that his relationship with his ex-girlfriend, Sister Deborah was a mutually beneficial one. (more…)

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