Ozow

Ozow

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Overview

Ozow is the future of payment as we know it. An oh-so (or Ozow) easy, automated and ultra-secure pay-by-bank solution that helps customers pay in just a few seconds, merchants can initiate Ozow payments through a variety of payment platforms, such as SMS, eCommerce, eBilling, QR Code, and instore Point-of-Sale (POS).

Through Ozow’s precise and secure system (that reduces the risk of charge-backs), merchants get real-time payments with instant transaction notifications and automated bank reconciliations. As no card is required for payment, their products are also more widely available, resulting in fewer abandoned carts, increased sales, and more happy customers. Furthermore, merchants enjoy transaction fees as low as 1,5%, with no monthly costs, setup fees, or minimum charges, enabling them to save their money. As an added bonus, merchants processing up to R1m per month can use Ozow for free in their first year, no strings attached.

Ozow is committed to financial inclusion on a continent where many people are disenfranchised by a lack of payments options. Furthermore, Ozow is committed to making it affordable for smaller businesses to take their trade to a wider audience, and to ensure that if traditional payment methods are unavailable, merchants don’t suffer.

Ozow is bringing commerce to a wider audience, promoting financial inclusion, and innovating for our customers. Paying with us is Ozow easy, Ozow fast and Ozow trusted!

About

Industries

Internet, Financial Services, E-Commerce, Payments, Billing

Founded

2014

Employees

101-250

Headquarters locations

NA - South Africa, South Africa, Africa

Social

N/A

Profile Resume

Ozow headquartered in NA - South Africa, South Africa, Africa, operates in the Internet, Financial Services, E-Commerce, Payments, Billing sector. The company focuses on Internet and has secured $3.9B in funding across 80 round(s). With a team of 101-250 employees, Ozow is actively contributing to advancements in Internet. Their latest funding round, Series B - Ozow, raised $48.0M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Thomas Pays

Thomas Pays

CEO and Co Founder

Funding Rounds

Funding rounds

4

Investors

4

Lead Investors

0

Total Funding Amount

$49.4M

Details

4

Ozow has raised a total of $49.4M in funding over 4 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2017Seed715.3K
2016Seed638.2K
2019Early Stage Venture
2021Early Stage Venture48.0M

Investors

Ozow is funded by 7 investors.

Investor NameLead InvestorFunding RoundPartners
Ozow-FUNDING ROUND - Ozow48.0M
Reid Hoffman-FUNDING ROUND - Reid Hoffman48.0M
Ozow-FUNDING ROUND - Ozow48.0M
Bossanova Investimentos-FUNDING ROUND - Bossanova Investimentos48.0M

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