Dopay

Operating

Dopay is an Egyptian FinTech providing digital payroll solutions for the unbanked and underbanked workforce in emerging markets.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$37M
disclosed
Last round
$13.5M
Series A
Rounds
8
since 2014
Investors
15
on record
Employees
51-200

About Dopay

We connect businesses and people with fast, convenient, and rewarding options to pay and get paid. And we’re working constantly to devise, develop and deliver new ways to make their financial lives easier and more fulfilling.

We enable the millions of businesses still paying their workers with physical money to move seamlessly to a cashless payroll. Those workers can access their wages via ATMs and make purchases without having to carry banknotes.

We make this possible with our virtual banking platform, dopay for business, and its prepaid debit cards. Freed from cash, employers pay employees electronically whenever they like. Including weekends and holiday periods when banks are closed.

Their teams can use their cards to withdraw money any time that suits them, without worrying about running out of cash.

Dopay funding8 rounds

All 8 rounds →

Dopay has raised $37M across 8 disclosed rounds. The latest is a $13.5M Series A announced 16 Jul 2024, led by Argentem Creek Partners.

Capital growthrunning total of disclosed rounds
  1. $120KSeedSeed, $120K, $120K raised to date
  2. $2MSeedSeed, $2M, $2.1M raised to date
  3. $2.4MSeedSeed, $2.4M, $4.5M raised to date
  4. $1MConvertible NoteConvertible Note, $1M, $5.5M raised to date
  5. $18MSeries ASeries A, $18M, $23.5M raised to date
  6. $13.5MSeries ASeries A, $13.5M, $37M raised to date

SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn

Who has invested in Dopay

AnnouncedRoundLead · investorsAmount
16 Jul 2024Dopay Series AArgentem Creek Partners$13.5M
15 Sep 2021Dopay Series ANN Group +5$18M
11 Mar 2019Dopay Convertible NoteFMO +4$1M
01 Jun 2017Dopay VentureChris AdelsbachNot disclosed
29 Jan 2016Dopay SeedTheo Osborne +3$2.4M
29 Jan 2016Dopay Non-equity AssistanceMastercard Start PathNot disclosed
30 Apr 2015Dopay SeedTekton Ventures +2$2M
16 Jun 2014Dopay SeedTechstars +1$120K

Dopay founders & team

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Frequently asked about Dopay

Where is Dopay based and when was it founded?
Dopay is headquartered in Cairo, Egypt and was founded in 2014.
Who founded Dopay?
Dopay was founded by Frans van Eerse (CEO & Founder) and Frans van Eerse (CEO & Founder).
Who is the CEO of Dopay?
Frans van Eerse is Dopay's CEO & Founder.
How much funding has Dopay raised?
Dopay has raised $37M across 8 disclosed rounds. Its latest, a $14M Series A, was announced on Jul 16, 2024.
Who has invested in Dopay?
Backers include Argentem Creek Partners, NN Group, Kube VC, Force Over Mass Capital and 11 others.
What sector is Dopay in?
Dopay operates in Financial Services, FinTech and Payment.