Touch and Pay
OperatingTouch and Pay Technology Services Limited (TAP) is a Nigerian NFC powered payment and financial inclusion firm
- Financial Services
- Lagos, Nigeria
- Grant
- Founded 2017
- touchandpay.me ↗
- Total raised
- $3M
- disclosed
- Last round
- $50K
- Grant
- Rounds
- 5
- since 2017
- Investors
- 4
- on record
- Employees
- 11-50
About Touch and Pay
Touch and Pay Technology Services Limited (TAP); an NFC powered payment and financial inclusion firm. TAP is currently transforming the payment landscape in Nigeria by facilitating financial inclusion and ensuring 99.9% reliability in cashless transaction processes. We have our footprints in education, revenue collection (in private & public sectors), transportation, health insurance and events ticketing. TAP will enable an organization meet its revenue target in the informal sector by ensuring 99.9% reliability in cashless transactions through its offline feature, while solving the biggest challenges in the informal sector tax collection process using the TAP Automation Solution. Our revenue assurance platform will assist the organization to register, collect, and track payments made on the field.
Touch and Pay funding5 rounds
All 5 rounds →Touch and Pay has raised $3M across 5 disclosed rounds. The latest is a $50K Grant announced 28 Oct 2022, led by Ecobank Fintech Challenge.
- $3MSeedSeed, $3M, $3M raised to date
- $50KGrantGrant, $50K, $3M raised to date
SLA Funding Index · grey is capital raised before each round · 3 undisclosed rounds not drawn
Who has invested in Touch and Pay
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 28 Oct 2022 | Touch and Pay Grant | Ecobank Fintech Challenge | $50K |
| 12 Sep 2022 | Touch and Pay Seed | Not disclosed | $3M |
| 31 Jan 2022 | Touch and Pay Seed | Y Combinator | Not disclosed |
| 11 Oct 2021 | Touch and Pay Non-equity Assistance | Not disclosed | |
| 01 Jan 2021 | Touch and Pay Funding Round | LoftyInc Capital Management | Not disclosed |
Touch and Pay founders & team
- Oluwole MichaelCofounder / CEO
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Frequently asked about Touch and Pay
- Where is Touch and Pay based and when was it founded?
- Touch and Pay is headquartered in Lagos, Nigeria and was founded in 2017.
- Who founded Touch and Pay?
- Touch and Pay was founded by Oluwole Michael (Cofounder / CEO).
- Who is the CEO of Touch and Pay?
- Oluwole Michael is Touch and Pay's Cofounder / CEO.
- How much funding has Touch and Pay raised?
- Touch and Pay has raised $3.1M across 5 disclosed rounds. Its latest, a $50K Grant, was announced on Oct 28, 2022.
- Who has invested in Touch and Pay?
- Backers include Ecobank Fintech Challenge, Y Combinator, Google and LoftyInc Capital Management.
- What sector is Touch and Pay in?
- Touch and Pay operates in Financial Services, FinTech and Payments.
