PalmPay
OperatingPalmPay is a simple and secure payment app that give rewards.
- Financial Services
- Lagos, Nigeria
- Series A
- Founded 2019
- palmpay.co ↗
- Total raised
- $140M
- disclosed
- Last round
- $100M
- Series A
- Rounds
- 2
- since 2019
- Investors
- 8
- on record
- Employees
- 51-200
About PalmPay
PalmPay is a simple and secure payment app that give rewards. This app lets to send quick cash between friends and pay for airtime and utilities. This startup was launched in 2019 and aims to become Africa's largest financial services platform.
PalmPay funding2 rounds
All 2 rounds →PalmPay has raised $140M across 2 disclosed rounds. The latest is a $100M Series A announced 30 Aug 2021, led by China Creation Ventures (CCV).
- $40MSeedSeed, $40M, $40M raised to date
- $100MSeries ASeries A, $100M, $140M raised to date
SLA Funding Index · grey is capital raised before each round
Who has invested in PalmPay
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 30 Aug 2021 | PalmPay Series A | China Creation Ventures (CCV) +5 | $100M |
| 13 Nov 2019 | PalmPay Seed | TRANSSION +2 | $40M |
PalmPay founders & team
- Jason MycroftChief Commercial Officer
- Greg ReeveCEO
PalmPay competitorssame sector · similar funding
More Financial Services startups in Nigeria
- XChange BOX
Xchange Box provides a platform for agro commodities financing and Rural MSMEs payments and access to finance. · Nigeria
- Vittas
Vittas is a health‑focused fintech startup providing credit infrastructure for businesses in Africa’s healthcare ecosystem. · Nigeria
- Shago Payments
Shago Payments is a FinTech retailing financial and digital products and services to create a localized marketplace experience through technology. · Nigeria
- Cotrust Equity
Cotrust Equity harnesses KYC of target audience to provide unique credit plans to banked and unbanked Micro Traders in sub-Saharan Africa. · Nigeria
- Midddleman
Helping African businesses buy from Asia—secure payments, sourcing, and shipping in one place. · Nigeria
- PesaApps
PesaApps enables local micro, small and medium size businesses to track their transactions safely and securely. · Nigeria
Frequently asked about PalmPay
- Where is PalmPay based and when was it founded?
- PalmPay is headquartered in Lagos, Nigeria and was founded in 2019.
- Who is the CEO of PalmPay?
- Greg Reeve is PalmPay's CEO.
- How much funding has PalmPay raised?
- PalmPay has raised $140M across 2 disclosed rounds. Its latest, a $100M Series A, was announced on Aug 30, 2021.
- Who has invested in PalmPay?
- Backers include Trustbridge Partners, Seas Capital, MediaTek, China Creation Ventures (CCV) and 4 others.
- What sector is PalmPay in?
- PalmPay operates in Financial Services and Payments.
