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

We are thrilled to announce that Dopay has successfully raised $13,500,000 in our latest funding round, propelling us further along our mission to revolutionize financial transactions for businesses and workers in frontier economies. As a young, dynamic, and innovative team, we recognize the challenges millions of businesses face when handling payroll with physical money. Our aim is to provide seamless, cashless solutions that not only simplify transactions but also enhance financial security and convenience for employees. With this new capital, we will amplify our efforts in Egypt, where we currently serve hundreds of active businesses and thousands of prepaid debit card users. The funding will allow us to enhance our virtual banking platform, dopay for business, while also expanding our range of services beyond payroll—creating more choices and opportunities for our users. With our platform, employers can pay their staff electronically, even during weekends and holidays, while employees have the freedom to access their wages anytime, without the hassle of cash. Our commitment to driving economies and responding to the financial aspirations of individuals in emerging markets remains steadfast. This funding round signals a significant step towards building a cashless and connected future, and we are incredibly excited about the journey ahead. At Dopay, we are not just following the trends; we are shaping the way financial transactions are conducted in a digital world. Thank you to our investors for believing in our vision and to our team whose relentless dedication continues to pave the way for innovation in finance.