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Paga

mypaga.com

Founded Year

2003

Stage

Series B - III | Alive

Total Raised

$39.2M

Last Raised

$5.2M | 1 yr ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+50 points in the past 30 days

About Paga

Paga operates as a mobile money company that is building an ecosystem to enable people to digitally send and receive money, and creates simple financial access. It was founded in 2009 and is based in Lagos, Nigeria.

Headquarters Location

176 Herbert Macaulay Road, Yaba

Lagos, 101245,

Nigeria

07000007242

Paga's Product Videos

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Paga's Products & Differentiators

    Consumer Mobile App

    Similar to Cash App. Mobile App that aggregates all financial accounts and gives consumer one place to view all their balances and transact from one place. Customers can send money, request money, pay bills, buy or send airtime.

Expert Collections containing Paga

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Paga is included in 3 Expert Collections, including Fintech 250.

F

Fintech 250

747 items

P

Payments

2,682 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

3,855 items

Latest Paga News

PAGA Paraphrased – Piplack v. In-N-Out Burgers, 88 Cal.App.5th 1281 (2023)

Apr 25, 2023

To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=5e4a5af0-4005-4f9a-9036-0d90f477bc74" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> Seyfarth Synopsis: The Fourth Appellate District provides further support that plaintiffs do not lose representative standing once their individual PAGA claims are compelled to arbitration. In doing so, it rejected the argument that the language of PAGA requires a plaintiff to be able to maintain both individual and representative PAGA claims in the same forum. The Fourth Appellate District held , like the Fifth District in Galarsa , that a PAGA plaintiff compelled to individual arbitration still retains standing to pursue a PAGA representative action in state court. The Fourth District, however, addressed the “and” language in the PAGA statute and PAGA’s legislative history distinguishing PAGA standing from “general public” standing. The employer’s argument was that PAGA only authorizes an aggrieved employee to file an action “on behalf of himself or herself and other current or former employees.” As a result, the employer argued a plaintiff who cannot maintain an individual PAGA claim in court also cannot maintain a representative PAGA action in court. The Court dismissed this argument pointing to Kim v. Reins where the California Supreme Court held that because the individual Labor Code claims (which had been sent to arbitration) and the PAGA action (which remained in court) were part of the “same lawsuit” standing was not lost simply because the claims are being pursued in different fora. As a result, the Court concluded that the plaintiffs satisfied the standing requirement because they were pursuing a single PAGA action “on behalf of [themselves] and other current or former employees,” albeit across two fora.

Paga Frequently Asked Questions (FAQ)

  • When was Paga founded?

    Paga was founded in 2003.

  • Where is Paga's headquarters?

    Paga's headquarters is located at 176 Herbert Macaulay Road, Yaba, Lagos.

  • What is Paga's latest funding round?

    Paga's latest funding round is Series B - III.

  • How much did Paga raise?

    Paga raised a total of $39.2M.

  • Who are the investors of Paga?

    Investors of Paga include Gaingels, Ping An Cloud Accelerator, Global Innovation Fund, Flourish Ventures, Goodwell Investments and 9 more.

  • Who are Paga's competitors?

    Competitors of Paga include Ledger, Toss, Zoona, BitGo, MobiKwik, Airwallex, Mono, Circle, Coins.ph, First Bank of Nigeria and 14 more.

  • What products does Paga offer?

    Paga's products include Consumer Mobile App and 2 more.

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Airwallex is a financial technology company. It allows customers to issue and pay international invoices and bills. It offers domestic and international business accounts, company cards, and expense management. The company was founded in 2015 and is based in Melbourne, Australia.

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Coins.ph

Coins.ph provides a blockchain-based platform. It offers consumers access to basic financial services, such as remittances, bill payments, and mobile airtime. It was founded in 2014 and is based in Pasig City, Philippines. In April 2022, Coins.ph was acquired by Wei Zhou.

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ZEPZ

ZEPZ provides a digital money transfer platform. The company specializes in international transfers to mobile money accounts – a technology where a customer's phone numbers acts like a bank account to hold funds.

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Ant Group

Ant Group (SGX: 5VJ) is a technology company that offers financial services, serving small and micro enterprises and consumers. It is dedicated to building an open ecosystem of technologies while working with other financial institutions to support the future financial needs of society. The company's products include Alipay, a payment and lifestyle platform, Ant Fortune, a comprehensive wealth management app, and Zhima Credit, an independent, private, alternative credit service. It was founded in 2011 and is based in Hangzhou, China.

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MobiKwik

MobiKwik provides a mobile, phone-based payment system and digital wallet. Its platform allows users to make instant bill payments or recharges instantly. The company was founded in 2009 and is based in Gurugram, India.

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AZA Finance

AZA Finance provides cross-border payment solutions for businesses. It helps to reduce the cost and increase the speed of transactions through its infrastructure. The company was formerly known as BitPesa. It was founded in 2013 and is based in Grand Duchy of Luxembourg, Luxembourg.

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