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Kenya based payments technology startup Direct Pay Online Group has raised a $5m funding round led by Apis Partners.
According to DPO Group Chairman, Offer Gat, “DPO Group has achieved and exceeded the plans laid out in the first phase of the strategic plan. We have established a presence in 12 African countries namely Kenya, Tanzania, Ethiopia, Uganda, Rwanda, Zambia, Zimbabwe, Malawi, South Africa, Namibia, Botswana, and Mauritius.” Direct Pay Online Group CEO, Eran Feinstein said: “This most recent capital injection will help to further the Group’s strategic plans in the region which will include the establishment of up to 26 branches across Africa, the acquisition of at least one additional company, and the continuation of our technological distribution across Africa.”
