Paycode logo — Giving biometric identity and affordable access to basic fin...

Paycode

Giving biometric identity and affordable access to basic financial services to the unbanked and underserved.

Founded 2016 South Africa Johannesburg, South Africa 42 employees Financial Services, Fintech +2

General Information

Company Name Paycode
Founded Year 2016
Location South Africa Johannesburg, South Africa
Employees 42
Industries Financial Services, Fintech, Mobile +1
Business Model B2B, Platform, Embedded Finance
Revenue Model Licensing, Service Fee, Usage Based
Social

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About Paycode

Paycode is a South African-based fintech enterprise established in 2016, dedicated to revolutionizing financial inclusion. Their core mission, "Giving biometric identity and affordable access to basic financial services to the unbanked and underserved," highlights a commitment to providing seamless financial transactions to underrepresented demographics.

The company offers a robust, end-to-end payment gateway featuring advanced technologies such as security, biometric identification, and offline real-time transacting. This suite of services is tailored to combat issues such as fraud and lack of KYC, while also facilitating agent banking.

Operating within the Financial Services, Fintech, Mobile, and Payments sectors, Paycode is strategically positioned to capitalize on the growing need for financial accessibility. Despite having received its last known investment in November 2021, the specific investors and amounts remain undisclosed. With its innovative solutions and strategic approach, Paycode represents a promising opportunity for investors seeking impactful ventures within the fintech landscape.

Business keywords: biometric identity, financial inclusion, payment gateway, security technology, biometric identification, fraud prevention, agent banking, offline real-time transactions, KYC compliance, digital currency, mobile money, remittances, microloans, insurance services, social grants access

Services & Products

Biometric digital identity issuance
Offline real-time payments
Integration with financial services infrastructure
Seamless interoperability between financial systems
Digital financial solutions

Target Customers

Unbanked individuals Underserved communities Governments Central banks Commercial banks Non-Governmental Organizations (NGOs) Donor organizations

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Round Undisclosed -
01 Nov 2021

Paycode Alternatives & Competitors

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Paycode vs
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Paycode vs
TerraPay
TerraPay United Kingdom

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Paycode vs

SWITCH Company for Financial Service and Payment Solution

491 employees
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FAQ About Paycode

Giving biometric identity and affordable access to basic financial services to the unbanked and underserved.
Paycode was founded in 2016.
Paycode is headquartered in Johannesburg, South Africa.
Paycode operates in Financial Services, Fintech, Mobile and Payments. Its work centres on biometric identity, financial inclusion, payment gateway and security technology. Its customers include Unbanked individuals, Underserved communities and Governments.
Paycode has a B2B, Platform and Embedded Finance business model. Its revenue comes from Licensing, Service Fee and Usage Based.
Paycode has approximately 42 employees.
Paycode has completed 1 funding round.
Paycode offers: Biometric digital identity issuance, Offline real-time payments, Integration with financial services infrastructure, Seamless interoperability between financial systems, Digital financial solutions.
Top alternatives and competitors to Paycode include Turan, TerraPay, SWITCH®, Ixion Teknoloji, Incode. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Paycode and Turan 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.

Source: BounceWatch company record for Paycode, https://bouncewatch.com/company/paycode, updated 29 March 2026. When citing, please name BounceWatch and link this page.

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