What is Zoona?
Zoona operates as an interoperable payments business, utilizing technology to deliver a comprehensive suite of secure financial services to underserved communities in Zambia. The company's core offerings include agent services for cash deposits, withdrawals, and international money transfers, alongside its Tilt platform, which provides secure payment transfer solutions for businesses. Zoona's strategic objective is to foster financial inclusion and empower young entrepreneurs through partnerships with various financial service providers. With a substantial network of over 700 outlets across Zambia, Zoona is dedicated to providing dependable and accessible financial solutions.
How much funding has Zoona raised?
Zoona has raised a total of $4M across 1 funding round:
Series A
$4M
Series A (2012): $4M with participation from Omidyar Network
Key Investors in Zoona
Omidyar Network
Omidyar Network is a global organization focused on shaping the digital revolution to promote shared power, prosperity, and possibility. They invest in and partner with innovators across technology, business, and civil society to foster a more equitable and inclusive digital future.
What's next for Zoona?
The substantial enterprise-level funding Zoona has attracted positions it for significant growth and market penetration. This strategic backing is likely to fuel the expansion of its agent network, enhance its technological infrastructure, and potentially broaden its service portfolio to further address the financial needs of underserved populations. The company's focus on empowering entrepreneurs and fostering financial inclusion suggests a continued commitment to social impact alongside commercial objectives. Future developments may include strategic partnerships and technological innovations aimed at solidifying its leadership in the African fintech sector.
See full Zoona company page
