Nigerian Payments App Paga May Be Africa’s Next Unicorn

Nigerian Payments App Paga May Be Africa’s Next Unicorn

(Bloomberg) --

Nigeria's biggest mobile payments company is vying to become Africa's next unicorn, and its ambitions now stretch beyond the continent.

Paga, whose backers include U.S. billionaire investor Tim Draper and former Goldman Sachs Group Inc. economist Jim O'Neill, boasts 17 million unique users including tech entrepreneurs, businesses and individuals in Africa's most populous nation.