Payjoy Announces $360M In Funding To Support Growth

Sep 05, 2023•almost 2 years ago

Amount Raised

$360 Million

San FranciscoInformation Technology

Investors

CitiGreylockUnion Square VenturesCiti VenturesInvusWarburg Pincus

Description

PayJoy is excited to announce a successful $360M capital raise, consisting of $150M in Series C equity and $210M in debt. The equity was led by Warburg Pincus, with participation from Invus, Citi Ventures and prior leads Union Square Ventures and Greylock. The debt funding was led by Citi and includes other institutional investors as well as PayJoy's own in-house fund.

Company Information

Company

PayJoy

Location

655 4TH STREET

San Francisco, California, United States

About

PayJoy's mission is to deliver access to credit to the next billion people in emerging markets worldwide. Our unique mobile security technology gives customers the ability to afford their first smartphone on credit, using the phone itself as collateral, and then provides further access to credit to help weather life's unexpected financial surprises and climb the ladder of economic well-being. Founded in 2015, today PayJoy has reached millions of customers in a dozen countries around the globe, including Mexico, Brazil, Colombia, India, Kenya, and South Africa, and is on a strong growth path with support from major industry partners to bring credit to the next billion emerging consumers.

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