South African payments gateway Ozow raises $48M Series B led by Tencent
TechCrunch
NOVEMBER 17, 2021
Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. Chinese internet giant Tencent led the round, with other investors Endeavor Catalyst and Endeavor Harvest Fund participating. Faster deals, less diligence: The African startup market mirrors its larger rivals.
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