Zoona

paymentsmobile/digital walletbill payments

STATUS: Acquired/Merged
FOUNDING YEAR: 2009
LOCATION: South Africa
Last Update: 19/01/2021

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About

Zoona is an African start-up set to change our continent! We bring together the drive of young entrepreneurs and the power of cutting-edge technology to bring safe and reliable financial services to underserved communities all over Africa! We have support offices in South Africa with operations in Zambia, Malawi and Mozambique. Since being founded in 2009, we have processed over $2 billion in transactions and been recognized by The Nike Foundation and The Unreasonable Group as one of the top ten Start-ups best positioned to take girls out of poverty by helping them become entrepreneurs. All over Africa, people rely on their families and communities for support in helping them pay their school fees, cope with emergencies, and save for their future. The community is at the center of their lives, and these are the communities Zoona is here to serve.We believe that Africa is the next frontier of innovation and that through entrepreneurship, women empowerment, and technology, well be able to unlock the true potential of our continent! Were on a mission to empower emerging entrepreneurs across Africa, and enable a new generation of independent, thriving business owners.Were passionate about growth in Africa, and as such, our business goals are sculpted around the success of the communities and entrepreneurs we serve. Africa is awakening! Technology has unleashed a wave of change across the continent and has improved thousands of lives. Zoona is scaling up! This is your chance to join Africas FinTech success story and make a difference!

MEDICI Analysis

Zoona is a mobile technology company developing products such as money transfers, electronic voucher payments, and agent payments.

Focus

PRODUCTS & SERVICES

Provide money transfer and other payment services to low-income consumers

REVENUE MODEL

Company earns revenue by charging a fee per transaction

MAIN CLIENTS

Quona Capital

Lundin Foundation

MicroVest

Bluhaven Initiative

Kiva

IFC

Accion

4Di

Sarona

EXISTING PARTNERSHIPS

Airtel Money

Kiva

Traction

VALUATION / MARKET CAP:

$26.67 M in 2009

COMPANY TYPE:

For Profit

NUMBER OF TRANSACTIONS:

2.4 M

TRANSACTIONS VALUE:

$300 M

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$20 M

DATE OF LAST FUNDING

Feb 2017

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$10M to $50M

FUNDING SERIES

SERIES A  · $4 M  · Mar 2012

SERIES B  · $15 M  · Aug 2016

OTHERS  · $1 M · Feb 2017

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

Mukuru

ANNOUNCED DATE

May 2020

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

15,972

AVERAGE VISITS (6 MONTHS)

66,796.85

MONTHLY VISITS GROWTH

-74.59%

VISIT DURATION

402

VISIT DURATION GROWTH

-68.45%

PAGE VIEWS VISIT

5.03

PAGE VIEWS VISIT GROWTH

29.85%

BOUNCE RATE

53.3%

BOUNCE RATE GROWTH

8.81%

GLOBAL TRAFFIC RANK

895,883

MONTHLY RANK CHANGE

341,058

MONTHLY RANK GROWTH

61.47%

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