There are 2 billion people worldwide who have jobs but no bank account. This means they are cut off from even the most basic financial services that we take for granted. Companies that employ these people feel this acutely; cash handling costs for managing both incoming cash flow from their unbanked customers as well as the wages of their unbanked employees could take up as much as 25% of their revenue.
Banking the unbanked makes good business sense.
dopay is committed to transforming the lives of these ‘unbanked’ people and their employers by breaking the cash cycle through a payroll and cash management service for companies, and a full mobile-banking experience for the unbanked. Already dubbed by the financial press as ‘bank of the future’, dopay is set to roll out its simple, low cost and mobile-based financial eco-system in Egypt, Ghana and India in 2015. The ambition is to have launched in 10 countries by the end of 2016.

Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2014
Size (employees)
40 (est)+9%
DoPay was founded in 2014 and is headquartered in London, GB

DoPay Office Locations

DoPay has offices in London, Cairo, Accra, Den Haag
London, GB
Den Haag, NL
Accra, GH
Cairo, EG

DoPay Metrics

DoPay Summary

Founding Date

2014

Total Funding

$7.1 m

Latest funding size

$2.4 m

Time since last funding

about 1 year

Investors

We estimate that DoPay's latest funding round in January 2016 was $2.4 m. In total, DoPay has raised $7.1 m
We estimate that DoPay's current employees are approximately 6% female and 94% male.

DoPay Online Presence

DoPay Company Life

You may also be interested in