Paydaythe main pan-African neobank issuing international (USD, EUR and GBP) payments to Africans has introduced a $3 million seed spherical led by Monie Level Incwith the participation of HoaQ, DFS lab‘s Stellar Africa Fund, Ingressive Capital Fund II and angel traders – Dare Okoudjou Founder and CEO of MFS Africa & Tola Onayemi CEO of Norabase. They be part of follower traders Tech stars, touching angels, Ingressive Capital & Nu Enterprise Companions. Along with current traders Ethos VC, MAGIC Fund, Ventures platform, Voltron capitaland others.
This brings Payday’s complete funding thus far $5.1 million, following a $2 million+ pre-seed spherical in 2021. In an oversubscribed spherical, the brand new capital raised might be used to safe working licenses within the UK and Canada, whereas operations within the UK, the place the corporate lately established, might be expanded . Funding may also be used to drive expertise acquisition because the startup’s group expands from 35 to 50 staff, whereas Payday goals to additional drive the way forward for work by borderless fee options in main currencies.
The spherical additionally sees the enlargement of the co-founder group with the addition of Elijah Kingson – Payday’s present CPO who beforehand led product design for Premium and subscription merchandise at British-Lithuanian neobank revolution. Yvonne Obike, the corporate’s present COO, has additionally joined the Co-Founding group. Her work with Nigeria’s Trade financial institution noticed its MSME drive progress, societal restoration, financial restoration and improvement for native, nationwide and worldwide stakeholders. The group additionally introduced on board former Goldman Sachs and Expedia Product Supervisor, Sean Udeke, as Head of Merchandise.
World accounts (USD, GBP, EUR, and so on.)
Digital USD and NGN maps
Foreign money Swaps