Omidyar Network

Omidyar Network, established in 2004 by eBay founder Pierre Omidyar and his wife Pam, is a global impact investing firm that combines philanthropy and venture capital to catalyze social change. It invests in for-profit and non-profit organizations across sectors such as digital society, emerging technology, education, financial inclusion, governance, and property rights. The firm focuses on early-stage investments, typically committing between $1 million to $10 million in for-profits and $0.5 million to $5 million in non-profits. Omidyar Network operates globally, with a significant focus on India, and seeks to create opportunities for people to improve their lives and make a difference in their communities.

Michael Kubzansky

CEO

Shilpa Kumar

Partner

Siddharth Nautiyal

Partner

Pam Omidyar

Co-Founder

Badri Pillapakkam

Partner

Jayant Sinha

Partner

Past deals in Nigeria

Rensource

Series A in 2019
Founded in 2015, Rensource offers subscription-based solar power services primarily for consumers and small businesses in Nigeria. The company generates electricity using small solar-hybrid systems installed on-site, providing flexible plans such as Go, Eco, Duplo, and Pro based on customers' energy needs.

PowerGen Renewable Energy

Series B in 2019
PowerGen Renewable Energy is a leading provider of energy solutions in East Africa, focused on transforming energy access for residential, community, commercial, government, and industrial customers. Founded in 2011 and headquartered in Nairobi, Kenya, with additional offices in Arusha, Tanzania; Freetown, Sierra Leone; and Lagos, Nigeria, the company specializes in the development, construction, and operation of solar mini-grids. PowerGen offers a range of services including engineering, procurement, construction, and financing, ensuring affordable and reliable power for communities that are not connected to national electricity networks. As a pioneer in the solar mini-grid sector, PowerGen is committed to driving the clean energy transition across Africa and is a founding member of the Africa Mini-grid Developers Association, collaborating with various sector leaders to enhance energy access in the region.

Paga

Series B in 2018
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.

Lidya

Series A in 2018
Lidya is a financial services platform focused on small and medium enterprises in Nigeria, enabling online account opening, funds management, credit building, and access to working capital. Founded in 2016 and based in Lagos, the company uses mobile-first technology and proprietary credit scoring to help SMEs open accounts quickly, manage receivables and cash flow, and secure affordable credit with higher limits as their credit profiles improve.

Rensource

Seed Round in 2018
Founded in 2015, Rensource offers subscription-based solar power services primarily for consumers and small businesses in Nigeria. The company generates electricity using small solar-hybrid systems installed on-site, providing flexible plans such as Go, Eco, Duplo, and Pro based on customers' energy needs.

Paga

Series B in 2015
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.

Hotels.ng

Seed Round in 2015
Hotels.ng is an online travel agency based in Lagos, Nigeria, specializing in hotel bookings throughout the country. Founded in 2012, the platform enables clients to book hotel rooms online with ease. It offers comprehensive support and assistance, along with hotel recommendations and reviews, ensuring that customers have access to quality accommodations. By focusing on user experience, Hotels.ng aims to facilitate a smooth booking process, helping travelers find good, clean, and safe hotels across Nigeria.

Paga

Series A in 2012
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.
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