Ozow

South Africa - Cape Town, Western Cape

• 17/11/2021
• Series B
• $48,000,000

Ozow is the future of payment as we know it. An oh-so (or Ozow) easy, automated and ultra-secure EFT 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 less 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.

To date, Ozow has processed over a billion transactions, and has processed a combined value exceeding R5 billion.

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!

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Thomas PAYSFounder

South Africa - Cape Town, Western Cape

I am a passionate techpreneur, pacesetter with a passion for building businesses.

Originally from France, I was amazed by the vibrant people and potential for business innovation in South Africa, that I decided to make it my permanent home in 2005, and have not looked back since.

Over the past decade, I have built and exited 3 businesses. I founded GA in 2006, which grew to be the third-largest gaming agency in the world, reaching over 118 countries in over 20 languages by 2008.

I founded Smokoo in 2010 from just an idea and persistence. Smokoo, an auction website with a twist, grew to more than 2.5 million visits in less than 6 months setting to date unprecedented records of growth and revenue for an eCommerce website in South Africa.

In 2013 I co-founded Just Perfect, a digital agency providing 360-degree services to leading corporate companies locally, which lead to the development of i-Pay. I left Just Perfect in 2016 to commit my time and attention to i-Pay, now known as Ozow.

Today, I do what I love most, being at the forefront of the most innovative and disruptive scale-up payment solution in Africa as the co-founder and CEO of Ozow. My focus is on how soon digital payments will transform the lives of South African & African businesses and consumers and the impact as a company we can have from a social responsibility perspective.

LinkedIn https://www.linkedin.com/in/thomas-pays/