# Paga

Paga is an Asset Manager based in Lagos, Nigeria.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lagos, Nigeria
- **Region:** Africa
- **Address:** Lagos, Nigeria
- **Founded:** 2009
- **Assets under management:** Undisclosed
- **Website:** www.paga.com
- **LinkedIn:** https://www.linkedin.com/company/paga-al

## Regulatory record

- **Reports private funds:** No

## About

Paga is the premier financial services infrastructure for Africa. Infrastructure for fiat, stablecoins, crypto, hosted accounts, payments orchestration and biller aggregation.

## Sectors

- FinTech
- Enterprise Software
- Payments

## Offices

- United States

## People

- Tayo Oviosu — Founder & CEO

## Questions

### Who runs day-to-day operations and product strategy at Paga?

Founder Tayo Oviosu serves as CEO and is the public face of the company. The firm also maintains a board of directors, though individual board members are not disclosed on the current website. Operational leadership includes the team that runs Paga Engine, Doroki, and the consumer app, with engineering anchored by the acquired Apposit LLC unit.

### How does Paga generate revenue?

Paga operates a three-sided model. It charges enterprises for access to its payments infrastructure via Paga Engine, earns transaction fees and subscription revenue from SMEs using the Doroki platform, and collects fees on consumer transactions including transfers, bill payments, and merchant purchases. The firm does not disclose revenue figures.

### Is Paga a bank?

No. Pagatech Limited holds a mobile money license from the Central Bank of Nigeria and is insured by the Nigeria Deposit Insurance Corporation, but it is not a deposit-taking bank. In the United States, Apposit LLC provides technology services and partners with Regent Bank, Member FDIC, to offer banking services.

### What is the relationship between Paga and Apposit?

Apposit LLC was Paga's primary technical partner from inception until Paga acquired it in 2020. It now operates as a wholly owned subsidiary of Paga Group LTD UK and serves as the firm's in-house engineering arm, based in the United States.

### Does Paga operate only in Nigeria?

No. While Nigeria is its largest market, Paga launched consumer services in the United States in 2025, targeting the African diaspora. Its infrastructure business, Paga Engine, is designed to serve businesses across African markets, and the firm has indicated ongoing expansion ambitions.

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Last updated: 2026-06-03T20:00:00.000Z

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