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Ozow is a Johannesburg-based South African payment gateway that enables bank-to-bank transactions for sending, paying and withdrawing funds.
Ozow Proprietary Limited was founded in 2014 and is based in Johannesburg, South Africa. Its Ozow.ME platform lets users top up, send, pay and withdraw funds from bank accounts, and offers card payments, bank transfers, QR codes, e-billing and payment links. Revenue comes mainly from transaction fees charged to merchants. In November 2021 the company raised ZAR 745 million in a Series B round led by Tencent Investment, with participation from Endeavor Catalyst and Endeavor South Africa. CEO Eli Nahmani and co-founder Thomas Pays lead the company.
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