Wednesday
March 29
2023

Payday Raises $3 Million Seed Funding to Drive Product Expansion

By Benjamin Dada

Payday, a fast-growing pan-African neo-bank, has announced a $3 million Seed round led by Moniepoint Inc (formerly TeamApt).

HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II and angel investors participated in the round. The angel investors who participated in Payday’s seed round are Dare Okoudjou, Founder and CEO of MFS Africa and Tola Onayemi, CEO of Norebase. In addition, existing investors, Techstars, Angels Touch, Ingressive Capital & Now Venture Partners, made follow-on investments in this round​​.

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Source: Benjamin Dada (link opens in a new window)

Categories
Finance, Technology
Tags
accelerators, corporations, digital payments, financial inclusion, remittances