Mr Eazi, also known as Oluwatosin Ajibade, is helping to expand the African technology sector by investing in it.

This is demonstrated by his founding of Zagadat Capital, which recently made an investment in PawaPay, a startup that helps consumers transfer and receive money worldwide.
This investment was made in collaboration with 88mph, a UK-based fund, which co-led the round alongside MSA Capital, Kepple Ventures, and Vunani Capital from China.

Mr Eazi, also known as Oluwatosin Ajibade, is helping to expand the African technology sector by investing in it.

This is demonstrated by his founding of Zagadat Capital, which recently made an investment in PawaPay, a startup that helps consumers transfer and receive money worldwide. This investment was made in collaboration with 88mph, a UK-based fund, which co-led the round alongside MSA Capital, Kepple Ventures, and Vunani Capital from China.

Mr. Eazi’s main motivation, according to him, is to be an investor with a strong focus on Africa, taking use of his experience with the continent’s topography, investment needs, and problem profile.

“We believe that mobile money-focused fintech is not just one of the most exciting places to invest but also one of the most important bridges to ensuring financial inclusion of billions of people across the continent. The kicker for us is that we believe in the clear mission, vision and strategy and we are confident that the PawaPay team is the best team to achieve it,” he added.

Nikolai Barnwell, C.E.O. of PawaPay, stated that the firm presently processes over 10 million transactions each week on its rails, with beta operations in ten African countries: Nigeria, Ghana, Cameroon, DRC, Kenya, Mozambique, Rwanda, Tanzania, Uganda, and Zambia.

“We are making a very heavy bet on the rise of mobile money with all the complexities that arise out of its operations and the entire infrastructure that needs to be built around payments with mobile money at its core. However, we are looking at adoption rates for mobile money growing at an insane speed on the continent. It has become quite obvious that this investment is a very significant financial infrastructure,” he said.