Payments company pawaPay secures US$9m seed round to scale its operational presence

AFRICA – African payments company pawaPay, has secured a US$9 million Seed round that was co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures and Zagadat Capital. The capital will be deployed to scale pawaPay’s operational presence, find more talent to join the team, and expand into new markets on the continent. Founded in 2020, pawaPay is focused on the mobile money infrastructure provided by telecommunications companies (telco) in Africa. Each telco in each country provides its own unique mobile money product, which makes…

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