Companies · fintech

Ozow

Cape Town · South Africa · fintech · founded 2014 · https://www.ozow.com/

Diligence memoA one-page analyst read on Ozow — recommendation, valuation, rhythm, risks.
$48.0M
Total raised · real
1
Rounds
Latest step-up
Top 1%
Sector rank · raised
Series B
Latest stage · inferred · Wed Nov 17 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Ozow has raised $48M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 4.6 yr ago; this sector typically re-raises about every 18 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

3 Investors

SA fintech startup Ozow raises $48m Series B funding round 0 By Tom Jackson on November 17, 2021 News , Southern Africa South African fintech company Ozow has raised a US$48 million Series B funding round to help it further develop its product offering and expand into new markets. Ozow , which rebranded from i-Pay in April 2019 as it zeroed in on assisting SMEs with payments, was launched in November 2014 by Thomas Pays, Mitchan Adams and Lyle Eckstein, who identified a need for an efficient and secure online payment system in the local market.

SA fintech startup Ozow raises $48m Series B funding round 0 By Tom Jackson on November 17, 2021 News , Southern Africa South African fintech company Ozow has raised a US$48 million Series B funding round to help it further develop its product offering and expand into new markets. Ozow , which rebranded from i-Pay in April 2019 as it zeroed in on assisting SMEs with payments, was launched in November 2014 by Thomas Pays, Mitchan Adams and Lyle Eckstein, who identified a need for an efficient and secure online payment system in the local market.

fintech
Find Ozow online

As reported in public records reported — not modeled.

ZA
Jurisdiction
3
Investors (latest)
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$250M$500M$750M$1.0BSeries B · 2021-11-17 Raised $48M (real) Modeled valuation $567M (est)$48M$567MSeries B2021

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$48.0M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$567.1M
Base estimate est.
$120.0M
Conservative case
$1.7B
Upside case
$266.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
4.6 yr
Elapsed time used
4.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.6 yr
On record since
2021
First round
1
Rounds on file
How it compares to the market

Benchmarked against 2 companies in fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.0× above median
This company$48.0M
Sector median$48.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.0× above median
This company$48.0M
Sector median$48.0M
Modeled value — vs sector median (estimate, all stages) 1.0× above median
This company$567.1M
Sector median$567.1M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$48.0M2021-11-17$266.7M$567.1M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$48.0M2021-11-17
    • First recorded raise — entered as Series B.
    • 3 investors on this round.
Intelligence
Modeled next raise
$76.8M
Modeled next size est.range $49.9M$122.9M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
JUMOfintechsame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
South African Reserve Bank
South African company, based in South African Reserve Bank Building.
Fintech76%
Central Merchant Bank
South African company.
Fintech75%
JUMO
South African company. Sector: fintech.
fintech75%
Bankorp
South African company.
Fintech74%
Discovery Bank
South African company.
Fintech74%
Bank of Namibia
Namibian company, based in Windhoek.
Fintech74%
Deutsche Bank Afrika Building
Namibian company.
Fintech74%
Hanson, Tomkin, Finkelstein
South African company.
74%
Investors

Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.

FirmRoundConfidence
Endeavor Harvest FundSeries B55%
Shoprite GroupSeries B55%
TencentSeries B55%
Frequently asked
How much funding has Ozow raised?
Ozow has raised approximately $48.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Ozow's estimated valuation?
Provath's modeled valuation for Ozow is approximately $567.1M (modeled range $120.0M–$1.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ozow at?
Ozow's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Nov 17.
What does Ozow do and where is it based?
Ozow operates in the fintech sector, based in Cape Town, South Africa. SA fintech startup Ozow raises $48m Series B funding round 0 By Tom Jackson on November 17, 2021 News , Southern Africa South African fintech company Ozow has raised a US$48 million Series B funding round to help it further develop its product offering and expand into new markets. Ozow , which rebranded from i-Pay in April 2019 as it zeroed in on assisting SMEs with payments, was launched in November 2014 by Thomas Pays, Mitchan Adams and Lyle Eckstein, who identified a need for an efficient and secure online payment system in the local market.
Explore related

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