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StartupSeries AB2CFinance

PalmPay

Mobile payment platform for Africa

Nigeria Lagos Founded 2019 501-1000 Website
Total Raised$140.0MSee the rounds
StageSeries A
Users30M+ users
Operating Since2019 (7y)

About PalmPay

PalmPay is a mobile payment platform offering money transfers, bill payments, airtime purchases, and credit services. The company has rapidly grown to become one of Nigeria's leading fintech apps, with a strong agent network and competitive features targeting the mass market.

Funding

Total Raised$140.0M
Last Round$100.0MSeries A

Rounds

Series ASep 1, 2021
$100.0M

Lead: Tecno Mobile

Investors

Tecno MobileNetEaseMediaTekChina Broadband Capital

Leadership & Team

Founder(s)

CEO

Traction & Recognition

Users30M+ users

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Quick Facts

CountryNigeria
Founded2019
TypeStartup
ModelB2C
Team size501-1000
Operating in
NigeriaGhanaTanzaniaKenya