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Dopay

dopay provides a cloud-based payroll service that allows employers to calculate salaries and make payments electronically. Worldwide there are 2 billion people that have jobs but no bank account. Companies feel this acutely. Since both their employees and their customers are unbanked, they have to manage huge amounts of cash. DoPay breaks thiscash cycle by offering a payroll and cash management service for companies. Employees receive a DoPay card and DoPay app, which give them a full banking experience. They are already working in partnership with Barclays to provide payroll services to several multinationals, embassies and local companies in Egypt and aim to expand into the largest unbanked regions of the world.

Total Fundraised$5B

PE Round
Late Stage
Debt Financing
Pre-IPO
Series C
Series B
Series A
Others
Calendar Image2014
Established
HeadquarterGradient ImageCairo, Egypt
Headquarter
OperationalGradient Image
EGY
UAE
UK
Operational Market
SectorGradient Image
Payroll
Financial Services
Fintech
Primary Sector
EmployeeGradient Image101 - 250
Employees
PinGradient ImageSeries A
Current Stage
GlobeGradient Imagehttps://www.dopay.com/
Website

Funding Types by Funds Raised (in USD)

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Cumulative Funding Raised Over Time

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Dopay's Investors by Funding Rounds

Funding Round

Announced Date

Disclosed Investors

Round Amount (USD)

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Dopay's Key
Team Members

Frans van Eersel
Ahmed Nassef
Nick Mottershead FCA