Dopay raises $13.5M in Series A extension led by Argentem Creek Partners to expand in Egypt and launch new financial services
Dopay raises $13.5M in Series A extension led by Argentem Creek Partners to expand in Egypt and launch new financial services
07/16/24, 3:27 PM
Location
Money raised
$13.5 million
Industry
financial services
Round Type
series a
Investors
Argentem Creek Partners
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 Info
Location
cairo, cairo, egypt
Additional Info
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.