Global Innovation Fund Leads Series B2 Round of US$10 Million for Paga (Sub-Saharan Africa)

Source(s): Pulse | Author(s): Aderemi Ojekunle

Nigeria-based digital payments company Paga has raised US$10 million from a group of investors led by development-focused investment firm Global Innovation Fund. Other investors in the Series B2 round include impact investors Goodwell Investments, Adlevo Capital, Omidyar Network and Unreasonable Capital. Paga plans to use the funds to expand into new markets such as Ethiopia, Mexico and the Philippines.