Companies · fintech
Cape Town · South Africa · fintech · founded 2014 · https://www.ozow.com/
Diligence memoA one-page analyst read on Ozow — recommendation, valuation, rhythm, risks.→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.
No named principal in this company's public records yet — see all operators below.
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.
As reported in public records reported — not modeled.
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.
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.
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%.
Round size and date are reported; the stage label is inferred from round size (latest is Series B — a $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
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.
Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series B | $48.0M | 2021-11-17 | $266.7M | $567.1M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| JUMO | fintech | — | — | — | same sector |
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.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| South African Reserve Bank South African company, based in South African Reserve Bank Building. | Fintech | — | — | 76% |
| Central Merchant Bank South African company. | Fintech | — | — | 75% |
| JUMO South African company. Sector: fintech. | fintech | — | — | 75% |
| Bankorp South African company. | Fintech | — | — | 74% |
| Discovery Bank South African company. | Fintech | — | — | 74% |
| Bank of Namibia Namibian company, based in Windhoek. | Fintech | — | — | 74% |
| Deutsche Bank Afrika Building Namibian company. | Fintech | — | — | 74% |
| Hanson, Tomkin, Finkelstein South African company. | — | — | — | 74% |
Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.
| Firm | Round | Confidence |
|---|---|---|
| Endeavor Harvest Fund | Series B | 55% |
| Shoprite Group | Series B | 55% |
| Tencent | Series B | 55% |
See where Ozow sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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