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...
Visa Strengthens African Digital Economy with Investments in Four Fintech Startups
Visa has announced investments in four fintech startups that recently graduated from its Africa Fintech Accelerator program.
Kenyan Social Commerce Startup, Sukhiba Connect, Secures $1.5 Million to Expand Beyond Borders
Sukhiba Connect, a pioneering Kenyan social commerce startup, has successfully raised $1.5 million in funding to fuel its expansion ambitions beyond the country’s borders.
SunCulture Gets Backing From Investment Energy Platform Nithio to Drive Solar Irrigation, Farming Innovations Across Africa
Nithio, a leading energy investment platform, has invested in SunCulture, a Kenyan solar irrigation company.