Paga
Founded Year
2009Stage
Series B - III | AliveTotal Raised
$39.2MLast Raised
$5.2M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-35 points in the past 30 days
About Paga
Paga is a mobile money company that focuses on facilitating digital financial transactions. The company offers services that allow users to send and receive money, pay bills, and top up airtime and data. Paga primarily serves the financial technology sector by simplifying access to financial services for individuals. It was founded in 2009 and is based in Lagos, Nigeria.
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Paga's Product Videos
Paga's Products & Differentiators
Consumer Mobile App
Similar to Cash App. Mobile App that aggregates all financial accounts and gives consumer one place to view all their balances and transact from one place. Customers can send money, request money, pay bills, buy or send airtime.
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Research containing Paga
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Paga in 2 CB Insights research briefs, most recently on Apr 7, 2023.
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022Expert Collections containing Paga
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Paga is included in 3 Expert Collections, including Fintech 100.
Fintech 100
747 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Payments
3,082 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,559 items
Excludes US-based companies
Latest Paga News
Jan 13, 2025
You Can't Spell "Aggrieved Employees" Without An "I": PAGA Claims Cannot Be Headless January 13, 2025 at 05:09 am EST Share In such cases, the plaintiff seeks civil penalties for all allegedly aggrieved employees except themself. Thus, these actions seek to circumvent the obligation to arbitrate an employee's individual PAGA claim by abandoning it in favor of the representative claims that represent the real bounty. However, on December 30, 2024 Shipt, Inc ., the court concluded that "every PAGA action necessarily includes an individual PAGA claim" - i.e., a representative PAGA claim cannot exist without its individual companion. On Shipt, Inc. Target Corporation March 14, 2024 , Leeper filed a purported "representative" lawsuit against Shipt and Target (collectively, "Appellants"), alleging a single cause of action for a purported non-individual PAGA claim—i.e., seeking only representative PAGA penalties stemming from violations experienced by others, but not Leeper herself. On May 14, 2024 , Appellants filed a motion to compel arbitration, which Leeper opposed, arguing that she had not alleged any individual claims and, therefore, her PAGA claim could not be compelled to arbitration. The trial court agreed and denied the motion. However, on appeal, the Second Appellate District reversed, finding that "the unambiguous language in [Labor Code] section 2699, subdivision (a), [states that] any PAGA action necessarily includes both an individual PAGA claim and a representative PAGA claim." (emphasis added). Further supporting its interpretation, the court looked to the statute's legislative history, noting that "the Legislature deliberately chose the word 'and'" and rejected the word 'or' in the statutory description of a PAGA action," and had rejected a prior version of the bill that phrased the language in the disjunctive. Accordingly the court directed the trial court to grant Appellants' motion to compel arbitration, and stay any representative component of the PAGA claim pending the outcome of the arbitration. As noted above, Leeper was part of a larger recent trend of so-called headless PAGA claims. Fortunately, the decision makes clear that there is no such thing as a representative-only, arbitration-proof PAGA action. You Can't Spell "Aggrieved Employees" Without an "I": PAGA Claims Cannot be Headless The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. Anthony J. Oncidi
Paga Frequently Asked Questions (FAQ)
When was Paga founded?
Paga was founded in 2009.
Where is Paga's headquarters?
Paga's headquarters is located at 176 Herbert Macaulay Road, Yaba, Lagos.
What is Paga's latest funding round?
Paga's latest funding round is Series B - III.
How much did Paga raise?
Paga raised a total of $39.2M.
Who are the investors of Paga?
Investors of Paga include Flourish Ventures, Gaingels, Ping An Cloud Accelerator, Global Innovation Fund, Goodwell Investments and 9 more.
Who are Paga's competitors?
Competitors of Paga include MobiKwik, Ripple, AZA Finance, Zepz, Ledger and 7 more.
What products does Paga offer?
Paga's products include Consumer Mobile App and 2 more.
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Compare Paga to Competitors
Zepz is a company in the financial technology sector that facilitates international payments. It provides digital solutions for sending money across borders, including options for bank deposits, cash collections, and mobile money services. Zepz serves the ecommerce industry by offering online money transfers. It was founded in 2010 and is based in London, England.
AZA Finance specializes in cross-border payment solutions and foreign exchange services for the business-to-business (B2B) sector. The company offers an online payment platform that facilitates multi-currency transactions, Treasury management, and payment collections, designed to support businesses operating in Africa. AZA Finance primarily serves enterprises requiring financial services across multiple African and global markets. AZA Finance was formerly known as BitPesa. It was founded in 2013 and is based in Grand Duchy of Luxembourg City, Luxembourg.
Toss operates as a digital financial platform. It offers a range of financial services, including bank accounts, money transfers, a financial dashboard, credit score management, customized loans, insurance plans, and multiple investment services. It was founded in 2013 and is based in Seoul, South Korea.
MoMo is a financial technology company that specializes in digital payment solutions and super application development. The company offers a comprehensive ecosystem that allows users to perform various daily activities through their platform, as well as leveraging data analytics and AI to enhance user experience and merchant services. MoMo's products cater to various sectors, including financial services, e-commerce, and more. It was founded in 2007 and is based in Ho Chi Minh City, Vietnam.
Coins.ph is a cryptocurrency exchange and digital wallet provider in the financial technology sector. The company offers a platform for buying, selling, and storing various cryptocurrencies, as well as services for utility bill payments and mobile load purchases. Coins.ph primarily serves individual users and businesses looking to engage with digital assets and cryptocurrency trading. It was founded in 2014 and is based in Pasig City, Philippines. Coins.ph operates as a subsidiary of Wei Zhou.
Airwallex develops a global financial platform that focuses on providing business payment solutions within the financial technology domain. The company offers an array of services including global business accounts for managing finances, international transfers, multi-currency corporate cards, and online payment processing capabilities. It primarily serves the payment industry. The company was founded in 2015 and is based in Melbourne, Australia.
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