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)
65 (est)+2%
Website
dopay.com
DoPay was founded in 2014 and is headquartered in London, GB

Key People/Management at DoPay

Ezzeldin Ahmad

Ezzeldin Ahmad

COO
Frans van Eersel

Frans van Eersel

Founder & Managing Director
Brad van Leeuwen

Brad van Leeuwen

Chief Partnerships Officer
William Rolvink

William Rolvink

Chief Information Officer
Khaled Abou-Zied

Khaled Abou-Zied

Finance Director

DoPay Office Locations

DoPay has offices in London, Greater London, Cairo, Accra and in 3 other locations
London, GB (HQ)
1 Canada Square
Amsterdam, NL
101 Barbara Strozzilaan
Den Haag, NL
60 Koninginnegracht
Show all (7)

DoPay Financials and Metrics

Summary Metrics

Founding Date

2014

Total Funding

$7.1 m

Latest funding size

$2.4 m

Time since last funding

almost 2 years

Investors

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

DoPay Financials

GBP

Net income (FY, 2015)

(457.9 k)

EBITDA (FY, 2015)

(457.5 k)

EBIT (FY, 2015)

(457.9 k)

Cash (31-Dec-2015)

1.2 m
GBPFY, 2014FY, 2015

EBITDA

(76.2 k)(457.5 k)

EBIT

(76.2 k)(457.9 k)

Pre tax profit

(76.2 k)(457.9 k)

Net Income

(76.2 k)(457.9 k)
GBPFY, 2014FY, 2015

Cash

20.8 k1.2 m

Current Assets

294.5 k2.5 m

PP&E

3 k

Goodwill

265.5 k
    GBPFY, 2014FY, 2015

    Net Income

    (76.2 k)(457.9 k)
      Y, 2015

      Financial Leverage

      2 x
      Show all financial metrics

      Traffic Overview of DoPay

      DoPay Online and Social Media Presence

      DoPay Company Life and Culture

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