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PalmPay logo — Say Yes to More!

PalmPay

Say Yes to More!

Founded 2019 Nigeria Lagos, Nigeria 2460 employees Series A Total: $140.00M Finance, Financial Services +2

General Information

Company Name PalmPay
Founded Year 2019
Location Nigeria Lagos, Nigeria +6
Employees 2460
Industries Finance, Financial Services, Fintech +1
Funding Stage Series A
Social

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About PalmPay

PalmPay, with its slogan "Say Yes to More!", is an ambitious player in the Fintech space, focusing on democratizing financial access in high-growth emerging markets. Founded in 2019 and headquartered in Nigeria, this company aims to transform how financial services are accessed and utilized, from basic smartphone ownership to providing a comprehensive full-stack digital banking solution.

Positioned firmly within the Finance, Financial Services, Fintech, and Payments sectors, PalmPay has already made significant strides in a competitive market. The company secured a substantial $100.00M Series A investment on 30 August 2021, which was led by an impressive consortium of investors, including Transsion, Yunshi Capital, Trust Capital, Chuangshi Ziben, Seas Capital, MediaTek, China Creation Ventures (CCV), Changyu Capital, AfricInvest, and Cretrend Capital.

Taxonomy: Digital Banking, Economic Empowerment, Financial Inclusion, Emerging Markets, Mobile Payments, User-Friendly Platform, Secure Transactions, Digital Wallet, Banking Technology, Financial Opportunity, Africa-Focused, Tech-Driven Solutions, Economic Growth

Services & Products

Full-stack Digital Banking
Free Transfers
High-Yield Savings Accounts
Credit Services
Bill Payments
Cashback Rewards
Smartphone Installment Plans

Target Customers

Individuals in Emerging Markets First-time Smartphone Owners First-time Loan Recipients Small and Medium Enterprises Merchants and Agents

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 10
Investor Investor Investor Investor
•••• •••• 		30 Aug 2021
Seed Round •••••• - 13 Nov 2019

PalmPay Alternatives & Competitors

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FAQ About PalmPay

Say Yes to More!
PalmPay was founded in 2019.
PalmPay is headquartered in Lagos, Nigeria.
PalmPay operates in the following industries: Finance, Financial Services, Fintech, Payments.
PalmPay has approximately 2460 employees.
PalmPay has completed 2 funding rounds, raising a total of $140.00M. The latest funding stage is Series A.
PalmPay offers: Full-stack Digital Banking, Free Transfers, High-Yield Savings Accounts, Credit Services, Bill Payments, Cashback Rewards, Smartphone Installment Plans.
Top alternatives and competitors to PalmPay include Nummo, FINETIKS, Well Get Info, Bolder Money, Capture. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
PalmPay and Nummo 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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