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)
London, GB
Size (employees)
62 (est)+9%
DoPay was founded in 2014 and is headquartered in London, GB

DoPay Office Locations

DoPay has offices in London, Cairo, Accra and Den Haag
London, GB (HQ)
1 Canada Square
Den Haag, NL
60 Koninginnegracht

DoPay Data and Metrics

Summary Metrics

Founding Date


Total Funding

$7.1 m

Latest funding size

$2.4 m

Time since last funding

over 1 year


DoPay's latest funding round in January 2016 was reported to be $2.4 m. In total, DoPay has raised $7.1 m

DoPay Financial Metrics


Net income (FY, 2015)

(457.9 k)

Cash (31-Dec-2015)

1.2 m
GBPFY, 2015

Pre tax profit

(457.9 k)

Net Income

(457.9 k)
GBPFY, 2015


1.2 m

Current Assets

2.5 m


809.9 k


265.5 k

Total Assets

3.6 m

Accounts Payable

78.8 k

Current Liabilities

1.7 m

Total Liabilities

1.7 m

Retained Earnings

(457.9 k)

Total Equity

1.8 m

Financial Leverage

2 x
Y, 2015

Financial Leverage

2 x

Traffic Overview of DoPay

DoPay Online and Social Media Presence

DoPay Company Life and Culture

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