The company said fundraising talks for a planned $4M round were stalled after it became profitable.
SourceDigitizing and processing Microtransactions in Africa
Public company, workplace, funding, and market signals
Touch and Pay Technologies Limited (TAP) is a Lagos-based fintech/payment infrastructure company that uses NFC and a Cowry-branded card/app stack to digitize low-value, high-volume microtransactions in Africa, with a strong transport-payments focus and expansion into other collections use cases.
Primary product
Cowry card and Cowry app, an NFC-enabled microtransaction payment platform
Founded
2017
Headquarters
Lagos, Nigeria
Team size
80-90
Work style
Flexible
Industry
Financial Services
Sub-industry
Fintech / payment infrastructure / NFC payments
Offices
0 jobs at Touch and Pay Technologies Limited
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Business model
Stage
Seed
Total raised
$5.2M
Latest round
Secondary Market · Jan 2024
Latest amount
$50K
Leadership
Co-Founder and CEO
Co-Founder and Chief Operating Officer
Co-Founder and COO
Head, Brand and Communications
Engineering
Engineering
Investors
Mission-driven, growth-oriented, and centered on freedom and responsibility, teamwork, flexibility, and customer responsiveness.
Work style
Flexible
Compensation
No public compensation bands or salary ranges were found.
Benefits
Pricing
Commission on fares/transactions, reportedly around 5-10% in transport use cases, plus card/payment-related fees where applicable.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$1M-$10M
Estimated monthly visits
3.7K
Traffic estimate as of Jul 2026
The company said fundraising talks for a planned $4M round were stalled after it became profitable.
SourceBusinessday · Jul 2026
Profiles TAP as a leading microtransaction payments company, highlighting its proprietary payment protocol, transport/government use cases, and modest Victoria Island office origins.
Tekedia · Jul 2026
Investor commentary describing TAP as a leading microtransaction platform powering Cowry Card and Ije Card across multiple Nigerian cities.
TechCabal · Mar 2025
Reports Euromonitor-backed growth in closed-loop prepaid card usage, over 5 million users, 552,000 cards issued in 2024, and more than ₦20 billion in 2024 transaction volume.
The Condia · Oct 2024
Covers profitability, a dollar top-up feature with Lipaworld, and the company’s claim that fundraising talks for a new $4M round were stalled.
TechCabal · Mar 2024
Details TAP’s transit-payment business, 3.8 million Cowry users, 500,000 daily payments, commission-based revenue, and expansion plans beyond Lagos.