New Investments
Pan-African neobank Payday has raised $3 million in seed funding
Payday (Techstars ’21), one of Africa’s leading Pan-African neobank, has raised $3 million in seed funding to drive the future of work for the continent.
The funding round was led by led by TeamApt Inc. (now Moniepoint Inc) Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II and angel investors – Dare Okoudjou, Founder and CEO of MFS Africa and ‘Tola Onayemi of Norabase. The investment brings Payday’s total investment to $5.1m, following a $2m+ pre-seed round in 2021. Founded in 2021, Payday is a fintech startup helping Africans send and receive money globally.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
Kenyan Startups M-KOPA, BasiGo, Mogo, Roam, and Pezesha Secure $250M From DFC to Enhance Digital Connectivity and E-Mobility
The US International Development Finance Corporation (DFC) has unveiled a new $250 million financing package aimed at enhancing digital connectivity and e-mobility in Kenya.
Aruwa Capital Makes Follow-On Investment in Hibiscus Exporter AgroEknor
Aruwa Capital Management, a leading early-stage growth equity fund, has announced a follow-on investment in AgroEknor, a prominent hibiscus flower exporter and wellness brand.
Seedstars Africa Ventures I Achieves $42 Million First Close to Support African Startups
Seedstars Africa Ventures I, a venture capital fund dedicated to early-stage startups in Africa, has reached a landmark $42 million first close.
