Singapore
JiPay is a financial services startup based in Singapore, founded in 2020. The company's slogan "Finance App for Families & Foreign Workers" embodies its mission to provide financial independence to migrant workers. The JiPay app and prepaid Mastercard offer a solution for helpers and their employers to manage household expenses and build trust in the home.
With its offering, Jipay empowers helpers to receive salaries, store money securely, remit money easily, and save for their financial futures. It has recently secured a significant $1.30 million Seed Round investment on 31 March 2022. The investors participating in this round include East Ventures, Manila Angel Investors Network, Protege Ventures, SHL Capital, Team Ignite Ventures, Shivaas Gulati, and Sketchnote Partners.
Having its headquarters in Singapore, JiPay is well-positioned to tap into the growing demand for financial solutions among migrant workers. Backed by notable investors such as East Ventures, SHL Capital, and Hong Kong Government’s Cyberport Incubator, JiPay is poised for growth and impact in the financial industry.
The startup's commitment to enabling financial inclusion and empowerment for an underserved demographic makes it a compelling candidate for venture capital investment, reflecting the potential for both social impact and financial returns.
