Fintech Start-Up Ozow Seeks To Supply The Market With Easy And Reliable Payment Solutions
Fintech Start-Up Ozow Seeks To Supply The Market With Easy And Reliable Payment Solutions. Ozow is a fintech company that is driven by one goal which is to create payment solutions that are simple, accessible, and easy to use. To do this, the company brought together the best minds in the business to build products and services that are designed with its clients in mind.
The company believes in making payments easy, convenient, and secure for everyone. Whether they are shopping online, paying for goods in-store, or sending customers payment requests, the company is all about developing simple payment solutions to meet its client’s needs. With Ozow, clients can make and receive payments from anywhere and at any time. All they need is a bank account and a smart-enabled device. From QR codes, point of sale, eCommerce, e-billing, and everything in between, it has got its client’s payment needs covered.
The company also understands the importance of keeping its client’s data safe and secure. Its systems are built using the latest technology and comply with the highest international safety and security standards. The company also works closely with the banks, regulators, and its security partners to ensure that their data is kept safe. The company takes its data privacy seriously. All data is encrypted end-to-end and it also adheres to all GDPR and POPIA regulations.
Ozow’s team takes every step to protect its clients and their customers. It is continually undergoing rigorous, independent security testing to ensure that its systems are completely secure. The company is licensed as a Systems Operator and a Third-Party Payments Provider with the Payments Association of South Africa. It abides by PCI-DSS Level 1 processes and it is also PCI-certified, even though it doesn’t process credit cards.
The company also announced its $48m Series B funding round, which is led by world-leading internet and technology company Tencent. The investment round also includes Endeavor Catalyst and Endeavor Harvest Fund. Notably, Endeavor Catalyst’s investment committee approval was chaired by partner of Greylock, and co-founder and former executive chairman of LinkedIn, Reid Hoffman.
