Zoona wins Social Entrepreneurship prize

Mobile payments company, Zoona has been awarded the Social Entrepreneurship award at the Africa Awards for Entrepreneurship (AAE). The event was hosted by the African Leadership Network in Mauritius.

The Social Entrepreneurship award is given to organisations addressing social problems in Africa, and who have a revenue between US$150 000 and US$2.5-million.

It was accepted by brothers and co-founders Brett and Brad Magrath.

“We are honoured to have been recognised among organisations that are such a force for positive change on the African continent,” says Brad Magrath in a press release to Ventureburn.

Zoona has recently raised US$15-million in funding, while passing other milestones too

“We strive to take our core purpose of helping communities thrive into more African countries, and to continue the promotion of an African culture of entrepreneurship and growth.”

In April, the fintech company surpassed US$1-billion in transactions, and in August it raised US$15-million in series B funding.

Zoona was also a finalist in the Pricecheck Awards for best fintech platform, and listed in the Fintech Africa top 100 ‘most promising African startups of 2016’ list.

“We have had a very exciting year and look forward to reaching more communities, entering new African markets, and empowering more entrepreneurs for many years to come.”

“We appreciate the recognition and will continue to strive,” concludes Magrath.