China’s Tencent leads R746m funding round for SA’s Ozow
Cape Town-based payments company to proceeds for African expansion, possibly including acquisitions
Chinese internet giant Tencent is the latest international company to give SA’s fintech sector the nod, leading a funding round worth more than R700m for Cape Town-based payments company, Ozow.
Accepted by companies such as DStv, Zando, NetFlorist, HiFi Corp, Takealot, TFG, and Dis-Chem, Ozow allows users to make online payments through a mobile browser or desktop without a credit card. ..