Dopay raises $13.5M in Series A extension led by Argentem Creek Partners to expand in Egypt and launch new financial services

Jul 16, 2024•over 1 year ago

Amount Raised

$13.5 Million

Round Type

series a

CairoFinancial Services

Investors

Argentem Creek Partners

Description

Dopay, a Fintech providing banking to unbanked and underbanked individuals, has raised $13.5 million in a Series A extension funding led by Argentem Creek Partners. The funding will enable Dopay to accelerate its expansion in its initial market, Egypt, and launch a range of new financial services.

Company Information

Company

Dopay

Location

Cairo, Cairo, Egypt

About

We’re dopay. We’re a young, exciting, innovative, and fast-growing international team of thinkers, creators, and technologists. We connect businesses and people with fast, convenient, and rewarding options to pay and get paid. And we’re working constantly to devise, develop and deliver new ways to make their financial lives easier and more fulfilling. We enable the millions of businesses still paying their workers with physical money to move seamlessly to a cashless payroll. Those workers can access their wages via ATMs and make purchases without having to carry banknotes. We make this possible with our virtual banking platform, dopay for business, and its prepaid debit cards. Freed from cash, employers pay employees electronically whenever they like. Including weekends and holiday periods when banks are closed.

Related People

1 contact

Funding Insights

Based on industry data

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