NowPay logo — Improving the financial-wellness of corporate employees

NowPay

Improving the financial-wellness of corporate employees

Founded 2019 Egypt Egypt 95 employees Seed Total: $3.70M Finance, Financial Services

General Information

Company Name NowPay
Founded Year 2019
Location Egypt Egypt +2
Employees 95
Industries Finance, Financial Services
Funding Stage Seed
Social

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About NowPay

NowPay, founded in 2019, is a promising FinTech company headquartered in Egypt, focused on enhancing the financial wellness of corporate employees. The company’s slogan, "Improving the financial-wellness of corporate employees," encapsulates its mission to empower employees with financial flexibility by allowing them to access their wages at any time during the month.

Operating within the Finance and Financial Services industries, NowPay addresses a growing demand for financial liquidity among employees, potentially positioning itself as a leader in financial empowerment solutions in emerging markets.

Their last funding occurred on 04 August 2021, marking a Seed Round investment backed by investors like Sturgeon Capital and Kepple Africa Ventures. This financial backing not only underscores the market confidence in NowPay's innovative approach but also positions the company well for future growth and further rounds of investment.

Taxonomy: FinTech, financial-wellness, corporate employees, employee benefits, payroll management, salary advance, employee satisfaction, human resources, income flexibility, financial security, workforce management, on-demand pay, income access

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 2
Investor
•••• ••••
04 Aug 2021
Seed Round •••••• 8
Investor Investor Investor Investor Investor Investor
•••• ••••
14 Mar 2021
Convertible Note •••••• - 01 Dec 2020
Seed Round •••••• - 12 Oct 2020
Pre Seed Round •••••• - 28 Aug 2019

NowPay Alternatives & Competitors

NowPay vs
Payactiv
Payactiv United States

The Leader in Earned Wage Access.

Series C
368 employees
Finance, Financial Services
NowPay vs
Refyne
Refyne India

Pioneer of income streaming for the workforce of India.

Unknown
178 employees
NowPay vs
wagely
wagely Indonesia

Asia‘s leading financial wellbeing app for employees 👷🏽‍♀️💙

Series Unknown
121 employees
Finance, Financial Services

FAQ About NowPay

Improving the financial-wellness of corporate employees
NowPay was founded in 2019.
NowPay is headquartered in Egypt.
NowPay operates in the following industries: Finance, Financial Services.
NowPay has approximately 95 employees.
NowPay has completed 5 funding rounds, raising a total of $3.70M. The latest funding stage is Seed.
Top alternatives and competitors to NowPay include Payactiv, Refyne, wagely, LaraPay, Hastee - A Zellis Company. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
NowPay and Payactiv are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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