OverviewSuggest Edit

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.

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TypePrivate
Founded2014
HQLondon, GB
Websitedopay.com
Employee Ratings4

Locations

DoPay is headquartered in
London, United Kingdom

Location Map

Latest Updates

Employees (est.) (Feb 2019)73(-3%)
Revenue (FY, 2016)£87.8 K(-13%)

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
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DoPay Office Locations

DoPay has offices in London, Greater London, Tema, 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)
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DoPay Financials and Metrics

Summary Metrics

Founding Date

2014

DoPay total Funding

$7.1 m

DoPay latest funding size

$2.40 m

Time since last funding

3 years ago

DoPay investors

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

DoPay Revenue

DoPay's revenue was reported to be £87.84 k in FY, 2016
GBP

Revenue (FY, 2016)

87.8k

Gross profit (FY, 2016)

(429.7k)

Gross profit margin (FY, 2016), %

(489.2%)

Net income (FY, 2016)

(3.9m)

EBITDA (FY, 2016)

(3.9m)

EBIT (FY, 2016)

(4.0m)

Cash (31-Dec-2016)

482.7k
GBPFY, 2014FY, 2015FY, 2016

Revenue

101.6k87.8k

Cost of goods sold

379.4k517.6k

Gross profit

(277.8k)(429.7k)

Gross profit Margin, %

(274%)(489%)
GBPFY, 2014FY, 2015FY, 2016

Cash

24.0k1.3m482.7k

Accounts Receivable

44.0k12.5k

Inventories

21.0k6.4k

Current Assets

340.1k1.5m697.9k
GBPFY, 2014FY, 2015FY, 2016

Net Income

(88.0k)(1.4m)(3.9m)

Cash From Operating Activities

(12.9k)(2.4m)

Cash From Financing Activities

1.6m1.9m

Net Change in Cash

1.3m(864.9k)
GBPY, 2016

Revenue/Employee

3.0k

Financial Leverage

-5.3 x
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DoPay Online and Social Media Presence

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DoPay Company Life and Culture

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DoPay Frequently Asked Questions

  • When was DoPay founded?

    DoPay was founded in 2014.

  • Who are DoPay key executives?

    DoPay's key executives are Ezzeldin Ahmad, Frans van Eersel and Brad van Leeuwen.

  • How many employees does DoPay have?

    DoPay has 73 employees.

  • What is DoPay revenue?

    Latest DoPay annual revenue is £87.8 k.

  • What is DoPay revenue per employee?

    Latest DoPay revenue per employee is £1.2 k.

  • Who are DoPay competitors?

    Competitors of DoPay include Randolph Bancorp, Hanmi Financial and ChoiceOne.

  • Where is DoPay headquarters?

    DoPay headquarters is located at 1 Canada Square, London.

  • Where are DoPay offices?

    DoPay has offices in London, Greater London, Tema, Accra and in 3 other locations.

  • How many offices does DoPay have?

    DoPay has 7 offices.