Nigerian mobile money startup, Paga has just hit another impressive milestone. The fintech company has crossed 10 million users.
This is quite an impressive feat that captures how adventurous the company has been in 2018. All year long, the company has hit new highs and surpassed previous expectations.
— Tayo Oviosu (@oviosu) October 27, 2018
Since the start of the year, Paga has grown by at least 2 million users. It first announced it had crossed 8 million users in March 2018. By August, after just four months, its user base grew to 9 million. Now barely three months after, it has crossed 10 million users.
Writing on his blog, founder of Paga, Tayo Oviosu said:
“On behalf of our team, I’d love to simply say “Thank you!” Thank you to everyone who uses Paga! We are deeply grateful for the trust you have placed in us!”
He also said the company still has a long way to go with Nigeria being just the starting point. He nonetheless promises that the startup will “continue to invest in our business in Nigeria and grow our services, offerings, and partnerships.”
Importantly too, after raising $10 million in funding last month, the company announced its plans to expand across Africa. On his blog, Mr Tayo restated Paga’s expansion plans thus:
“We will take Paga to other countries where the problems we seek to solve exist and where we have the capability to execute.”
But Paga is not the only Nigerian startup to garner achievements or attract recognition this month. So as Paga hits 10 million customers, here are other startups that have earned some accolades recently.
Nigerian healthcare platform, Babymigo grabbed headlines a week ago when Time Magazine included it in its list of 50 Genius Companies of 2018. The list also included big names like Apple, Netflix and Elon Musk’s SpaceX.
The platform helps connect mothers and young parents with medical practitioners and resources. Founded in 2017, the startup hit 90,000 users and has a thousands of resources for users.
Wallet.ng, a fintech startup also hit a new achievement recently. The startup was included in the Fintech100 list of impressive startups developing financial technology. Wallet.ng was the only Nigerian startup on the list and one of three startups from the African continent.
Bitkoin Africa hit a major milestone days ago when it announced that its App, BuyCoins has processed over N500 million worth of cryptocurrency in its three short months in existence. Buycoins co-founder, Timi Ajiboye elaborated the extent of that achievement by noting that the initial platform, Bitkoin Africa, couldn’t achieve a tenth of that figure in more than a year. BuyCoins is an app which allows users invest their money in cryptocurrency by selecting a coin and paying with their bank account or debit card.
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