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South African fintech startup ‘Ozow’ raises $48M Series B funding round

South African fintech company Ozow has raised a US$48 million Series B funding round to help it further develop its product offering and expand into new markets.
Ozow which rebranded from i-Pay in April 2019 enables millions of merchants and consumers with easy, fast and secure alternative payment solutions, including QR codes, point of sale, e-commerce, e-billing and peer-to-peer payments.