Paga CEO Tayo Oviosu says company generates $1.5 billion monthly
Paga CEO Tayo Oviosu has said the fintech company generates about $1.5 billion in monthly transaction volume, while revealing that the business is valued in hundreds of millions of dollars. Oviosu made the disclosure during an interview with School of Hard Knocks, which returned to Nigeria to feature the Paga founder. According to Oviosu, Paga […] The post Paga CEO Tayo Oviosu says company…
Paga CEO Tayo Oviosu revealed that the fintech company generates $1.5 billion in monthly transaction volume. In an interview with School of Hard Knocks, Oviosu also disclosed that the business is valued in the hundreds of millions of dollars. The Paga founder noted that the company employs about 200 people and processes a significant amount of money every month.
Oviosu stated that his company's revenue for the entire year was around $60 million. The interview provided insights into the scale of Paga's operations and the potential of the African market for financial technology businesses. Oviosu highlighted Africa's young population as a key advantage, with 60% of the continent's population under the age of 25.
The CEO emphasized that Africa represents an important market for companies developing financial services for a new generation of consumers.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
