When was Paga founded?

Paga was founded in 2009 and raised its 1st funding round 3 years after it was founded.

Where is Paga located?

Paga is headquartered in Lagos, Nigeria.

Who is the current CEO of Paga?

Tayo Oviosu of Paga. They have also founded 1 company and are angel investors in 4 startups, including Kairos Angels.

How many employees does Paga have?

As of Sep 30, 2026, the latest employee count at Paga is 2.

Is Paga a funded company?

Paga is a funded company, having raised a total of $35M across 5 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Jan 2012.

When was the latest funding round of Paga?

Paga's latest funding was a $***** Series B round on Sep 06, 2018, with participation from 5 investors. Its primary sector is Payments. Globally, the Payments sector has seen $13.8B in funding in 2026 to date.

Where does Paga rank among its competitors?

Paga ranks 2nd amongst 619 active competitors, of which 38 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was PayNearby, which secured $2.31M in Feb, 2025.

Who are the top competitors of Paga?

Paga's top competitors include Baobab, Spice Money and RNFI Services. Among them, PayNearby secured the most recent funding round in February, 2025.

Paga - 2026 Company Profile, Team, Funding & Competitors

Paga is a series B company based in Lagos (Nigeria), founded in 2009 by Tayo Oviosu and Jay Alabraba. It operates as an Agent based payment solutions for consumers and businesses. Paga has raised $35M in funding from investors like Adlevo Capital, Omidyar Network and Acumen. The company has 619 active competitors, including 38 funded and 27 that have exited. Its top competitors include companies like Baobab, Spice Money and RNFI Services.

Company Details

Agent-based payment solutions for consumers and businesses. Provides money transfers, bill payments, online or offline purchases, mobile recharges, travel reservations, cash deposits, cash withdrawals, business capital support, and more.

Website: www.mypaga.com/
Social
Email ID: *****@mypaga.com
Phone Number: +234 **********

Key Metrics

Founded Year

2009

Location

Lagos, Nigeria

Stage

Series B

Total Funding

$35M in 5 rounds

Latest Funding Round

Series B, Sep 06, 2018, $*****

Investors

Adlevo Capital & 19 more

Ranked

2^nd among 619 active competitors

Employee Count

2 as on Sep 30, 2026

Investment & Acquisitions

Apposit

Similar Companies

Pay Point India & 892 more

View Paga's full profile

Paga has raised a total funding of $35M over 5 rounds. Its first funding round was on Jan 2012. Its latest funding round was a Series B round on Sep 06, 2018 for $*****. 5 investors participated in its latest round. Paga has 18 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Paga:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 06, 2018	9465527	Series B	5045645	1693455	5027721	3226509
Oct 06, 2015	4688230	Series B	2036255	2982766	1500337	Omidyar Network & 4 more
Jul 02, 2012	5302872	Series A	3015835	6279519	Adlevo Capital & 3 more	Goodwell Investments

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View details of Paga's funding rounds and investors

The founders of Paga are Tayo Oviosu and Jay Alabraba. Tayo Oviosu is the CEO of Paga.

Here are the details of Paga's key team members:

Tayo Oviosu: Co-Founder & CEO of Paga and founder of 1 other company. They are also an angel investor in 4 startups.
Contact Info: 1 email address
Jay Alabraba: Co-Founder of Paga and founder of 1 other company.

View details of Paga's Founder profiles and Board Members

Paga's employee count trend

Paga has 2 employees as of Sep 26. Here is Paga's employee count trend over the years:

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Top competitors of Paga include Baobab, Spice Money and RNFI Services. Here is the list of Top 10 competitors of Paga, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Baobab 2001, Paris (France), Acquired	Financial services company offering tailored solutions for financially underserved entrepreneurs and SMEs	$16.7M	Apis Partners, Impact Fund Denmark & 11 others	73/100
2nd	Paga 2009, Lagos (Nigeria), Series B	Agent based payment solutions for consumers and businesses	$35M	Capricorn, KD Capital & 18 others	70/100
3rd	Spice Money 2000, Noida (India), Series B	Digital payment and banking service provider in rural areas	$15.4M	Sood Infomatics, Lehman Brothers Opportunity ... & 57 others	68/100
4th	RNFI Services 2015, Delhi (India), Public	Digital payment solution provider	-	-	65/100
5th	Pay Point India 2007, Mumbai (India), Seed	Provider of digital financial services and retail solutions via agent network	$8.01M	Prime Capital Market, Yantra Esolarindia ... & 20 others	63/100
6th	PayNearby 2016, Mumbai (India), Seed	Digital platform providing range of payment and digital banking services	$4.55M	ROHA Group, Silk Bridge Partners & 9 others	61/100
7th	FLASH 1999, Cape Town (South Africa), Unfunded	Agent-based payment solutions	-	-	60/100
8th	Ordo 2018, London (United Kingdom), Acquired	Encrypted messaging and payment service	$11.3M	Nationwide, NBS Ventures & 15 others	59/100
9th	Barzahlen 2011, Berlin (Germany), Acquired	Network of retail partners enabling cash deposits and withdrawals via barcode	-	Alstin Capital, Berlin Technologie Holding ... & 7 others	58/100
10th	Fazz 2016, Jakarta (Indonesia), Series C	Provider of financial technology infrastructure for digital payments and settlements	$155M	Insignia Ventures Partners, DST Global & 28 others	57/100