Zoona operates a mobile money platform that uses technology to deliver financial services to underserved and financially excluded communities across Africa. The company was founded in 2009 and is led by CEO Mike Quinn. Its system has over 1.5 million active users and has processed over $1 billion in mobile money transactions. Since launch Zoona says it has created more than 2,500 jobs in Zambia and Malawi and empowered over 1,000 entrepreneurs to start businesses, enabling them to reach earnings of over $10 million. The company intends to use new funding to scale operations across the continent, with plans to reach 10 markets and 30 million active consumers by 2020. Zoona previously raised $4m in a 2012 Series A led by Omidyar Network and Accion.

Total raised

$15M

Funding rounds

1

Latest round

Series B

Latest activity

Aug 2016