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Payday
Global money transfer service
- 1-20 employees
- Fintech
- B2C
- Banking
- Payments
- Investing
- Downtown Vancouver, Vancouver, BC
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Company mission
To facilitate the quick and affordable sending and receiving of money across the world for Africans.
Our take
Sending money from one country to another can be expensive, particularly when sending money in a different currency to the one that the recipient uses. Various worldwide payment solutions exist to help ease this problem, but the majority concern Western currencies and do not provide services for African nations.
Payday is a worldwide money transfer financial service, focusing on providing quick and affordable payment services to African users. Users can send or receive money quickly, issue virtual Mastercards that work anywhere online, own international bank accounts, and invest in crypto with as little as $1.
Whilst the fintech market is currently saturated with international money transfer, banking, and cryptocurrency payment services, Payday has made a smart move by recognizing how these are usually not accessible to African users. Through its all-in-one financial mobile application, the company aims to help Africans get paid by international employers and send money to friends & families abroad without outrageous fees or antiquated banking systems.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- A fully remote work schedule
- The opportunity to work with smart and kind colleagues around the world
- Competitive compensation package
Funding (2 rounds)
Mar 2023
$3m
SEED
Oct 2021
$1m
SEED
Total funding: $4m
This company has top investors
Leadership
Favour Ori
(CEO)Contract Software Engineer for Saint Louis University from 2018 to 2021. Experience as Senior Software Engineer for National Drones.