Ozaremit secures funding from French investors

Ozaremit, a new mobile airtime top-up service provider, is accelerating its development just 3 months after its launch. Ozaremit has secured funding from French investors Thibault Launay, Romain Girbal and Célia Grémy to boost growth. The new team of investors have a vast experience investing in mid- to early-stage startups, including soon to launch Afrimalin, a classified listing platform for Francophone Africa.

Ozaremit currently covers 110 countries, including 35 countries in Africa. The platform provides a competitive, safe and fast online service to send airtime to family and friends living abroad. Ozaremit is already the cheapest service to send top-ups to phones in Nigeria.

Ozaremit is also in discussion with top tech investors.

Ibrahima Soumano, Ozaremit co-founder and CEO, said: “We are pleased to get leading international entrepreneurs and investors on board to accelerate our growth. We will rapidly scale Ozaremit’s customer base and expand our activities beyond top-up. We are set to be the next fintech success story”.

The new funds will help the firm to scale up its marketing efforts across multiple channels and allow Ozaremit to launch its agents network in an effort to make the service widely available to offline customers.

Ozaremit is an international value remittance service for diaspora communities to support family and friends in their home country through an instant, low-cost, simple and safe model. Ozaremit currently covers 110 countries, including Nigeria, India and Pakistan. As one of the world’s largest mobile top-up networks, the company has partnerships with over 400 mobile operators worldwide with a reach of 4,5 billion prepaid users.

The UK-based firm was founded in April 2016 by two African tech entrepreneurs – Ibrahima Soumano and Takwana Tyaranini.

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