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...
d.light Secures $176 Million to Expand Solar Access in East Africa
d.light, a leading provider of affordable solar solutions, has secured a $176 million debt financing deal to expand its reach in Kenya, Tanzania, and Uganda.
Ivory Coast-based fintech Anka secures $1.7 million funding from IFC for expansion
Anka, an Ivory Coast-based financial technology company, has received $1.7 million in funding from the International Finance Corporation (IFC) to expand its operations.
Nigeria’s Juicyway Raises $3M Pre-Seed Funding to Revolutionize Cross-Border Payments
Juicyway, a Nigerian startup specializing in cross-border payments, has announced a successful $3 million pre-seed funding round.
