“Can PAYG software become the operating system for last-mile distribution to the world's underbanked 2 billion?”
Founded 2010 to solve last-mile distribution of solar and life-changing products in emerging markets. Angaza's core product is PAYG software that lets distributors sell devices on installment plans to consumers without access to traditional banking — with remote lock/unlock enforcement via IoT integration. Over time the company evolved from a pure PAYG SaaS toolkit into a broader distributor operating system spanning sales, inventory, workforce management, mobile-money payment collection (60+ providers), and a captive debt fund (SIMA Angaza Distributor Finance Fund) for distributor working capital.
Angaza processes payments through Mobile money aggregation (self-operated, 60+ providers).
Angaza's lending and capital products are provided by SIMA Angaza Distributor Finance Fund (in-house).
Angaza integrates with Zapier.
The Embedded Finance Index 2026 maps 3 layers in Angaza's stack: Payments / PSP (Mobile money aggregation (self-operated, 60+ providers)); Lending (SIMA Angaza Distributor Finance Fund (in-house), PAYG consumer installment loans (pay-to-own), Recurring subscription / pay-to-use plans and SIMA Angaza Distributor Finance Fund (debt capital for distributors)); Accounting (Zapier).
Angaza is founded in 2010 and headquartered in San Francisco, California, United States.
Angaza has raised $29.5M in total (latest round: Series B, 2020).
Get a read on where your own stack stands against Angaza and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.