Zoona offers a mobile payments company that uses technology to provide financial services to communities across Africa. It includes deposit and withdrawal, money transfers, z code, bill payments, and stock payments. The company was founded in 2009 and is based in Lusaka, Zambia. In November 2022, Zoona was acquired by Chipper Cash.
Expert Collections containing Zoona
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Zoona is included in 3 Expert Collections, including Fintech 100.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
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.
Excludes US-based companies
Latest Zoona News
Feb 22, 2023
22-02-2023 08:36:26 | by: Marlene Mutimawase | hits: 64 | Tags: Pan-African FinTech Chipper Cash has reportedly laid off more than a third of its staff. Chipper Cash relieved almost one-third of its workforce, about 100 employees.Thus, in addition to the first round of layoffs, the five-year-old payments and crypto startup has let go of over 150 employees in the last three months to cut costs amid a torrid period for private and public tech companies globally. “Friday was a sad day for Chipper Cash, as many talented people were let go,” Stefano Pardi, the company’s vice president of revenue, wrote on LinkedIn . This happen after campany acquired Zoona to accelerate Cipper Cash expension accross Africa. Zoona was founded in 2008 and went on to develop the Tilt service, enabling payments and transfers to any bank or mobile money provider in Zambia via any cash or digital channel, plus a network of more than 450 interoperable agents. Zoona was an early pioneer in the African mobile money payments industry and to date has processed funds totalling more than $3 billion in value. Zoona holds a Payments Systems Business license from the Bank of Zambia. Stefano Pardi, the company’s vice president of revenue declared that : '' For my network: there is an incredibly talented pool of individuals across the US, UK, South Africa, Nigeria, Kenya, and more. They are all highly experienced in managing very complex, multicultural teams and projects in Fintech. All areas have been impacted, from Recruiting, HR, Marketing, Pricing, Product, Analytics, UX, Research, Legal, and more.'' ''If you are recruiting: look out for the Chipper Cash folks, you might have the opportunity of a lifetime to hire competent, passionate, and driven people into your team. They are all battle-scarred and experienced in scaling a business! '': Pardi added. The company was valued at $2 billion in 2021 after raising more than $150 million from investors that included Amazon founder Jeff Bezos’ Bezos Expeditions. Founded in 2018, Chipper Cash is specializes in app-based, no-charge, peer-to-peer (P2P), cross-border payments in Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania and Uganda. [Column] Mark Wilson: The ERP and technology trends that will shape 2023 Even with pandemic-related restrictions now a thing of the past, many reopened enterprises have quickly realised the market is not what it used to be ... read full column here [Column] David Meintjes: Unified communication and collaboration trends for 2023 As businesses continue evolving to meet changing customer behaviour, the uptake and investment in cloud unified communications platforms and tools will continue to soar ... read full column here [Column] Mikhail Marchenko: Major fintech trends that will affect online businesses in 2023 The rise of mobile financial services has been promoted by the advent of mobile money that enables users to access cash through their mobile devices .... read full column here INTERVIEWS. [Interview] Temitope O. Oguntosin, CTO, Femsin Technologies Solutions, Nigeria Femsin Technoloigies Solutions Limited is an IT solution company based in Lagos, which was founded and incorporated in Nigeria in 2018… read full interview here [Interview] Dr. Kevin Muragaijimana MD, Founder & CEO of DoctorAI [Interview] Jennifer Feaster, Speaker, YouTube Creators Festival Jennifer Feaster is a Managing Partner at Age Africa , an agency that combines data and creativity to develop performance driven YouTube channels … read full interview here INDUSTRY NEWS
Zoona Frequently Asked Questions (FAQ)
When was Zoona founded?
Zoona was founded in 2009.
Where is Zoona's headquarters?
Zoona's headquarters is located at Plot 10937, Mwatusanga Road, Lusaka.
What is Zoona's latest funding round?
Zoona's latest funding round is Acquired.
How much did Zoona raise?
Zoona raised a total of $20.5M.
Who are the investors of Zoona?
Investors of Zoona include Chipper Cash, RippleWorks, #cocreateSA, International Finance Corporation, Mastercard and 8 more.
Who are Zoona's competitors?
Competitors of Zoona include Circle, BitGo, Ledger, Ripple, Toss and 7 more.
Compare Zoona to Competitors
Lianlian Pay, operated by Lianlian Group, is a mobile and micropayment service provider. The company operates a network of agents in China where consumers can convert cash into mobile-phone minutes. It allows customers to purchase airline tickets, video gaming credits, and utility bills with its network. It was founded in 2003 and is based in Hangzhou, China.
Paytm Payments Bank, the payments bank business of Paytm, is building a new business model in the banking industry, focused on bringing financial services to hundreds of millions of unserved or underserved Indians.
Airwallex offers a payment platform for modern businesses. It allows customers to issue and pay international invoices and bills and offers domestic and international business accounts, company cards, and expense management through its integrated platform. The company was founded in 2015 and is based in Melbourne, Australia.
Coins.ph provides a blockchain-based platform. It offers consumers access to basic financial services, such as remittances, bill payments, and mobile airtime. The company was founded in 2014 and is based in Pasig City, Philippines. In April 2022, Coins.ph was acquired by Wei Zhou.
Ant Group operates as a company focused on supporting the digital transformation of the service industry. Its main services include providing a platform and infrastructure that allows consumers and small businesses to access financial and other services that are inclusive, green, and sustainable. It was formerly known as Zhejiang Ant Small. It was founded in 2014 and is based in Hangzhou, China.
Ledger is a global platform for digital assets and Web3. It offers various products such as integrated tools and live applications to enable consumers to securely buy, store, swap, grow, and manage cryptocurrencies. The company was founded in 2014 and is based in Paris, France.