Dopay Raises $13.5 Million in Series A Funding to Revolutionize Cashless Payroll Solutions

We are thrilled to announce that dopay has successfully raised an impressive $13.5 million in our latest funding round, a testament to the growing confidence in our mission to revolutionize financial accessibility for businesses and workers alike. As a young, innovative company with an international presence, dopay connects businesses and their employees with fast, convenient, and rewarding financial solutions. Our cutting-edge virtual banking platform empowers organizational leaders to transition from cumbersome cash payments to a seamless cashless payroll system. This is particularly crucial for the millions still relying on physical money, as our services enable employees to access their wages swiftly through ATMs or make purchases without the hassle of carrying cash. The funds raised will be strategically allocated to expand our offerings beyond payroll and enhance the features of dopay for business, our flagship platform. We are already witnessing notable traction in our first market, Egypt, with hundreds of active businesses and thousands of satisfied card users who appreciate the financial freedom and flexibility that comes with our prepaid debit cards. As we strive to drive economies forward and address the financial aspirations of users in frontier markets, these funds will allow us to innovate further, enhancing our services, and expanding our reach. At dopay, we are passionate about identifying opportunities within financial innovation, and this funding will fuel our mission to create an inclusive financial ecosystem that benefits everyone. Thank you to our investors for believing in our vision and joining us on this exciting journey to reshape financial landscapes.