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Building on its recent growth, Paga plans to expand its consumer business into another market in Q2 2025. The holding company is also raising capital after achieving net income profitability in 2024.
“We are raising capital to drive growth because we’re not yet in a place where our profitability can drive all the growth we want,” said Oviosu, a former vice president at Travant Capital Partners, a private equity fund. “We’re cautious about growth at all costs; we prefer disciplined growth.”
Last year, Oviosu told TechCabal that he would prefer an acquisition over an IPO. It’s an opinion he still holds today, but he sees Paga completing a large private equity deal before a full exit.
“I still lean toward a strategic acquisition because it often aligns better with long-term strategy and reduces short-term public scrutiny. But right now, our priority is scaling,” he said.
