What is Ziroo?
ZirooPay is a mobile payment platform engineered for small business owners, featuring an ultra-portable card reader that facilitates on-the-go sales. The accompanying Android application offers robust security, adhering to stringent payment standards and employing end-to-end cryptographic technology. Key functionalities include customizable receipts, real-time sales analytics, and a streamlined setup process, all designed to enhance business efficiency. A notable differentiator for ZirooPay is its operational capability without requiring an internet connection, making it particularly suitable for emerging markets and businesses in areas with limited connectivity.
How much funding has Ziroo raised?
Ziroo has raised a total of $12M across 2 funding rounds:
Angel/Seed
$600K
Series A
$11.4M
Angel/Seed (2014): $600K with participation from Inventure
Series A (2022): $11.4M led by Inventure, Zrosk Investment Management, Fedha Capital, and Exotix Advisory
Key Investors in Ziroo
Zrosk Investment Management
ZROSK Investment Management specializes in alternative investment solutions, offering products such as private credit, discretionary portfolios, and the Magna Specialized Fund. The company aims to provide innovative investment strategies tailored to meet the needs of its clients.
Fedha Capital
FEDHA CAPITAL is a sector-agnostic venture capital firm based in Nigeria, focusing on supporting early-stage companies, particularly those in the Seed and Series A funding stages, with a mission to empower innovative entrepreneurs in Africa.
Exotix Advisory
Exotix Advisory provides expert financial advisory and structuring services to African and international companies, assisting them in making investment and divestment decisions within Africa's complex business environment. The firm specializes in mergers and acquisitions, private placements, capital markets advisory, and corporate finance services.
What's next for Ziroo?
The recent major strategic investment in Ziroo signifies a pivotal moment for the company, likely indicating a transition towards scaling operations and expanding market reach. With substantial backing, Ziroo is poised to enhance its technological infrastructure, broaden its customer base, and potentially explore new geographic markets. The focus on small businesses and emerging markets suggests a strategy centered on financial inclusion and empowering underserved entrepreneurs with accessible payment solutions. Future developments may include further integration with business management tools and enhanced security features to maintain its competitive edge.
See full Ziroo company page
