Today, Paga announced that it had acquired Apposit, an Ethiopian-based software company for an undisclosed fee.

The news, which comes a little over a year after the Nigerian fintech startup raised a $10 million Series B round, was expected as it had begun exploring opportunities in other economies, similar to Nigeria to build a global emerging markets powerhouse.

This Techloy infographic takes a look at the company’s total funding round of about $35 million from its early days in September 2010.

Chart by Loy Okezie /