• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home African

Payday Complete Its “Future Of Work” Seed Round With A $3 Million Deal

Emeka Eni by Emeka Eni
March 29, 2023
in African, Fintech, Start Up
Share on FacebookShare on Twitter

Payday has reportedly raised $3 million led by Moniepoint FinTech solutions to support its counterpart Pan-African FinTech provider with adequate business capital for futuristic innovation. Payday-themed the Seed round “future of work” schemed to lead the FinTech start-up to leverage cross-border financial inclusion per its Pan-African status.

The Pan-African FinTech start-up CEO & founder, Favour Ori announced the completion of the seed round with shared comments of gratitude to its investors for their generous offerings to support Payday’s future of work that craves global expansion. The Pan-African FinTech solutions issue domiciliary accounts to its users paired with significant currencies such as USD, GBP, and EUR.

“We are building TransferWise for Africa; we want our customers to move money faster with the bank accounts and cards we issue. Other platforms focus on Africans in the diaspora; we’re focusing on people in Africa while planning to focus on those abroad by expanding to the U.K,” Ori said.

The Payday platform has the continental currencies embedded as well for seamless financial transactions to become an optimal FinTech provider in Africa. Alternatively, multi-national currencies are available in the Pan-African FinTech platform including the three listed foreign currencies for domiciliary transactions. Likewise, the alternative FinTech solutions Payday intends to introduce in its existing marketplace.

Ori continued bragging about the FinTech solution that started up as “the first startup to start issuing virtual accounts in Africa around June 2021, and we’ve done this for over 20 months, so we know what works and understand our market and users.”

According to Ori’s announcement, Payday’s solutions have gained the limelight since its debut during the post-pandemic era issuing virtual cards tied to users’ virtual accounts to accomplish seamless banking solutions.

At the time, Payday completed its pre-seed fundraising round with a million dollars to lead financial inclusion to Africans in diaspora and beyond the continent.

Related Posts:

  • moniepoint (1)
    Moniepoint Achieves Unicorn Status After Bagging…
  • Bloom Closed $6.5M Seed Round and Partnered with Visa for Card Issuance
    Bloom Closed $6.5M Seed Round and Partnered with…
  • Nigeria's Klasha Gets $2.1 Million In Additional Seed Funding To Scale Its Products For Cross-border Commerce In Africa
    Nigeria's Klasha Gets $2.1 Million In Additional…
  • y5ymoqc3arekiifhtrx1
    Jia Investment Deal To Alter FinTech Solutions In…
  • Kenya's Insuretech Lami Secures $3.7 Million In A Seed Extension Round Led By Harlem Capital
    Kenya's Insuretech Lami Secures $3.7 Million In A…
  • Lami
    Kenya's Insuretech Lami Secures $3.7 Million In A…
  • Nigerian-fintech-NowNow-Digital-Systems-raises-13M-in-seed-round-1
    Nigerian Fintech Startup, NowNow Digital Systems,…
  • Sudan-based Fintech Bloom Secures $6.5 Million Seed Funding
    Sudan-based Fintech Bloom Secures $6.5 Million Seed Funding

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: fintechPan-AfricapaydaySeed
Emeka Eni

Emeka Eni

I am a tech enthusiast, creating contents, graphic designer and am Africa.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1 May 9, 2025
    • Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges May 8, 2025
    • Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo May 8, 2025
    • Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier May 8, 2025
    • WhatsApp Developing AI Chat Wallpapers & Message Summaries May 8, 2025
    • Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts May 8, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (576) artificial intelligence (419) business (482) china (132) cryptocurrency (209) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (709) government (469) instagram (173) internet (466) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (835) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    May 9, 2025
    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    May 8, 2025
    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    May 8, 2025
    MTN Recovers ₦32 Billion in USSD Fees

    Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier

    May 8, 2025
    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    May 8, 2025
    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    May 8, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok