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Earnipay Raises $4M To Help Employees In Nigeria Get Faster Access To Their Salaries

Earnipay Raises $4M To Help Employees In Nigeria Get Faster Access To Their Salaries

02/17/22, 9:06 AM
Money raised
$4 million
Industry
financial services
mobile
software
Round Type
seed
Earnipay, a fintech that provides flexible and on-demand salary access to income-earners, has raised $4 million in seed financing led by early-stage venture capital firm Canaan.

Company Info

Company
Earnipay
Additional Info
The platform integrates with companies’ existing payroll or HRM systems to offer its services to employees, who can then track and withdraw their accrued salaries via the app. Some of its clients include Eden Life and Thrive Agric, whose “thousands of employees” have used the app to access their salary over 1,000 times, said the company. The San Francisco-based venture capital firm also backs Mexico-based Minu alongside Village Global. We will build products around that primarily just so that we’ll enable employers to make their employees happier, improve productivity, retain talent and solve the biggest problem in the workplace today that nobody is solving, which is employee money issues.”Earnipay will use this seed funding to target large enterprises and shift its focus regionally.