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
PalmPay funding and investors
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).
- Lead investors
- 2
- Largest round
- $100M
- Average round
- $70M
- disclosed rounds
- Round cadence
- 22 mo
- average gap
- $40MSeedSeed, $40M, $40M raised to date
- $100MSeries ASeries A, $100M, $140M raised to date
SLA Funding Index · grey is capital raised before each round
PalmPay funding rounds2 · newest first
- Series A$100M
30 Aug 2021 · led by China Creation Ventures (CCV)
- Seed$40M
13 Nov 2019 · led by TRANSSION
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 30 Aug 2021 | Series A | China Creation Ventures (CCV) · Trustbridge Partners, Seas Capital, MediaTek, Chengyu Capital, AfricaInvest | $100M |
| 13 Nov 2019 | Seed | TRANSSION · MediaTek, NetEase | $40M |
Investors in PalmPay8 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| TRANSSIONVenture Capital | Lead | Seed | Nov 2019 |
| China Creation Ventures (CCV)Venture Capital | Lead | Series A | Aug 2021 |
| MediaTekSeed Fund | Participant | Seed, Series A | Nov 2019 |
| NetEasePrivate Equity | Participant | Seed | Nov 2019 |
| Trustbridge PartnersVenture Capital | Participant | Series A | Aug 2021 |
| Seas CapitalVenture Capital | Participant | Series A | Aug 2021 |
| Chengyu CapitalVenture Capital | Participant | Series A | Aug 2021 |
| AfricaInvestPrivate Equity | Participant | Series A | Aug 2021 |
Frequently asked about PalmPay
- 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.
Profile updated Source: SLA Startup IndexHow we count →
