When was Zoona founded?

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

Where is Zoona located?

Zoona is headquartered in Lusaka, Zambia. It is registered at Tukuma nov., Tukums, Progresa iela 3.

Which legal entities is Zoona associated with?

Zoona is associated with ZOONA.

How many employees does Zoona have?

As of Jun 30, 2026, the latest employee count at Zoona is 182.

Is Zoona a funded company?

Zoona is a funded company, having raised a total of $20M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 10, 2012.

When was the latest funding round of Zoona?

Zoona's latest funding was a $***** Series B round on Oct 12, 2018, with participation from 1 investor.

What is the annual revenue of Zoona?

Annual revenue of Zoona is less than €1M as on Dec 31, 2024

Where does Zoona rank among its competitors?

Zoona ranks 14th amongst 571 active competitors, of which 37 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 Zoona?

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

Zoona - 2026 Company Profile, Team, Funding, Competitors & Financials

Zoona is a series B company based in Lusaka (Zambia), founded in 2009. It operates as an A mobile platform to make money transfer.. Zoona has raised $20M in funding from investors like IFC, Accion and Mastercard Foundation. The company has 571 active competitors, including 37 funded and 28 that have exited. Its top competitors include companies like Spice Money, Paga and Baobab.

Company Details

Zoona provides a mobile platform to consumers to transfer money, pay at the merchant sites, withdraw cash, primarily focused at unbanked customers. The money in the mobile can be loaded by visiting a Zoona agent. It provides a mobile money platform, working capital financing, business management tools and entrepreneurial support focused on helping businesses grow and increasing financial inclusion in Africa. It has established a network of over 1,000 Zoona entrepreneurs who earn on average $500 per month in commissions per outlet, while the platform has processed over $500 million in value.

Website: www.ilovezoona.com/
Social
Email ID: *****@ilovezoona.com
Registered Address: Tukuma nov., Tukums, Progresa iela 3

Key Metrics

Founded Year

2009

Location

Lusaka, Zambia

Stage

Series B

Total Funding

$20M in 4 rounds

Latest Funding Round

Series B, Oct 12, 2018, $*****

Investors

IFC & 11 more

Ranked

14^th among 571 active competitors

Annual Revenue

€0 - €1M as on Dec 31, 2024

Employee Count

182 as on Jun 30, 2026

Similar Companies

Spice Money & 827 more

View Zoona's full profile

Zoona is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ZOONA CIN: 40003671547 , Latvia, Active	Mar 23, 2004	€0 - €1M (As on Dec 31, 2024)	1 (As on Dec 31, 2022)	-

Zoona has raised a total funding of $20M over 4 rounds. Its first funding round was on Feb 10, 2012. Its latest funding round was a Series B round on Oct 12, 2018 for $*****. 1 investor participated in its latest round. Zoona has 12 institutional investors.

Here is the list of recent funding rounds of Zoona:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 12, 2018	9145746	Series B	3599031	6927976	7470843	2016682
Feb 20, 2017	6735808	Series B	2820826	2946829	6214764	IFC
Aug 17, 2016	8275859	Series B	1429002	4458147	IFC	Accion & 3 more

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View details of Zoona's funding rounds and investors

Zoona's employee count trend

Zoona has 182 employees as of Jun 26. Here is Zoona's employee count trend over the years:

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

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Spice Money 2000, Noida (India), Series B	Digital payment and banking service provider in rural areas	$15.4M	Sood Infomatics, Lehman Brothers Opportunity ... & 56 others	75/100
2nd	Paga 2009, Lagos (Nigeria), Series B	Agent based payment solutions for consumers and businesses	$35M	Adlevo Capital, Capricorn & 17 others	73/100
3rd	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	72/100
4th	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	68/100
5th	Nagad 2018, Dhaka (Bangladesh), Funding Raised	Provider of a platform facilitating digital financial transactions and account management	-	Inclusive Fintech 50	60/100
6th	RNFI Services 2015, Delhi (India), Public	Digital payment solution provider	-	-	59/100
7th	Ordo 2018, London (United Kingdom), Acquired	Encrypted messaging and payment service	$11.3M	Nationwide, NBS Ventures & 15 others	59/100
8th	PayNearby 2016, Mumbai (India), Seed	Digital platform providing range of payment and digital banking services	$4.55M	Roha, Silk Bridge Partners & 9 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	TADL 2020, Dhaka (Bangladesh), Unfunded	Agent based payment solution	-	-	57/100
14th	Zoona 2009, Lusaka (Zambia), Series B	A mobile platform to make money transfer.	$20M	Quona, Accion & 10 others	52/100