When was Shago Payments founded?

Shago Payments was founded in 2018.

Where is Shago Payments located?

Shago Payments is headquartered in Lagos, Nigeria.

How many employees does Shago Payments have?

As of Apr 30, 2026, the latest employee count at Shago Payments is 40.

Is Shago Payments a funded company?

Shago Payments is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Shago Payments rank among its competitors?

Shago Payments ranks 58th amongst 457 active competitors, of which 29 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Khazna, which secured $16M in Feb, 2025.

Who are the top competitors of Shago Payments?

Shago Payments' top competitors include MobiKwik, Fawry and One97 Communications. Among them, Khazna secured the most recent funding round in February, 2025.

Shago Payments - 2026 Company Profile, Funding & Competitors

Shago Payments is an acquired company based in Lagos (Nigeria), founded in 2018. It operates as an Online platform for money transfer and consumer bill payments. The company has 457 active competitors, including 29 funded and 17 that have exited. Its top competitors include companies like MobiKwik, Fawry and One97 Communications.

Key Metrics

Founded Year

2018

Location

Lagos, Nigeria

Stage

Acquired

Investors

The Baobab Network

Ranked

58^th among 457 active competitors

Employee Count

40 as on Apr 30, 2026

Similar Companies

MobiKwik & 722 more

Exit Details

Acquired by Alerzo (Oct 15, 2021)

View Shago Payments' full profile

Shago Payments got acquired by Alerzo on Oct 15, 2021.

Click here to take a look at Shago Payments's acquisition in detail

Shago Payments is a funded company. Shago Payments has 1 institutional investor.

View details of Shago Payments's funding rounds and investors

Shago Payments' employee count trend

Shago Payments has 40 employees as of Apr 26. Here is Shago Payments's employee count trend over the years:

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Top competitors of Shago Payments include MobiKwik, Fawry and One97 Communications. Here is the list of Top 10 competitors of Shago Payments, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MobiKwik 2009, Gurugram (India), Public	Provider of digital payment services for mobile and utility bills	$284M	Peak XV Partners, Hindustan Media Ventures ... & 125 others	78/100
2nd	Fawry 2008, Cairo (Egypt), Public	App-based platform for consumer bill payments	$46M	IFC, EAEF & 3 others	76/100
3rd	One97 Communications 2000, Noida (India), Public	Provider of online platform for payments, recharges, financial, and travel services	-	-	65/100
4th	Doxo 2008, Seattle (United States), Series C	Provider of mobile app for bill payments	$36.9M	Mohr Davidow Ventures, Sigma Partners & 3 others	64/100
5th	AutoPe Payment Solutions 2006, Gurugram (India), Unfunded	App-based platform for bill payments	-	-	60/100
6th	Papaya 2009, Los Angeles (United States), Series B	App for bill payments	$65M	Bessemer Venture Partners, 9Yards & 9 others	58/100
7th	Khazna 2019, Cairo (Egypt), Series A	Digital wallet platform for individuals	$47M	Quona, Algebra Ventures & 16 others	57/100
8th	WHISH The Money Whiz 2017, Beirut (Lebanon), Unfunded	Online recharge and mobile payment solutions for consumers	-	-	56/100
9th	UnDosTres 2015, Mexico City (Mexico), Series B	Bill payment solutions for consumers	$36.5M	IDC Ventures, IGNIA & 11 others	55/100
10th	Sahl 2020, Giza (Egypt), Series A	Provider of mobile electricity card payment solutions. This service allows users to recharge their electricity cards quickly via a mobile application utilizing NFC technology. The platform offers a centralized payment system accepting various payment methods. Users can also track their payment history. Customer support is provided to ensure a positive user experience.	$6M	Ayady, e-finance & 1 others	55/100
58th	Shago Payments 2018, Lagos (Nigeria), Acquired	Online platform for money transfer and consumer bill payments	-	The Baobab Network	37/100