Paga Secures New Investments to Scale Money Transfer Services Nationwide (Sub-Saharan Africa)

Source: Paga

Nigerian money transfer service Paga has secured new investments from a consortium of investors including Adlevo Capital, Omidyar Network, Acumen Fund, Capricorn Investment Group and current investor Goodwell West Africa Microfinance Development Company. Paga enables any person with a mobile phone or internet access to send cash to anyone in Nigeria, buy or send airtime credit, pay bills and make purchases at both online and physical retail stores. The value of the transaction was not disclosed.