Paga's Tayo Oviosu Reveals $1.5B Monthly Transactions

Tayo Oviosu, the CEO of Paga, stated that the fintech company generates approximately $1.5 billion in monthly transaction volume and is valued in the hundreds of millions of dollars. He shared these insights during an interview with School of Hard Knocks.

Paga employs around 200 staff and has processed trillions of naira since its inception. Oviosu noted that he personally earned $60 million in a single year.

He emphasized the potential for financial services in Africa, citing that 60% of the continent's population is under 25 years old, which presents a large market for financial products. Paga has seen significant growth, processing N14 trillion in transactions over its first 15 years, with 80% occurring in the last five years.

The company has created about 1,000 direct jobs and over 100,000 indirect jobs through its agent network across Nigeria.