Diligence memo · auto-generated · as of July 2, 2026
Ozow
Ozow has raised $48M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Ozow operates in fintech, 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.
Sub-sector tags: fintech.
Capital & rounds (filed)filed
Ozow has raised $48M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $48M on 2021-11-17.
Most recent recorded round closed around 2021-11-17.
Valuation (modeled)modeled
Provath models Ozow at approximately $567M (range $120M–$1.7B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 100% of fintech peers (2 compared).
Modeled value ranks above 100% of those peers.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.
Sparse peer set — modeled ranks carry wide uncertainty.