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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.

Created with Highcharts 11.4.6Highcharts.com

Total Fundraised$37.1M

Series A
Seed
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

Dopay's Stages

Round Image

Seed

Round Image

Others

Round Image

Series A

Funding Types by Funds Raised (in USD)

Created with Highcharts 11.4.6Funding TypeTotal Amount4.5M4.5M31.5M31.5M1.1M1.1MRound Raised in USDSeedSeries AOthers02M4M6M8M10M12M14M16M18M20M22M24M26M28M30M32M34MHighcharts.com

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Cumulative Funding Raised Over Time

Created with Highcharts 11.4.6Total Amount in USDFunding Rounds Over TimeTotal Raised in USDQ2 2014Q2 2015Q1 2016Q1 2019Q3 2021Q3 2024010M20M30M40MHighcharts.com

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Dopay's Investors by Funding Rounds

Funding Round

Announced Date

Disclosed Investors

Round Amount (USD)

Funding Type Image
Seed
16 Jun 2014

Undisclosed

120K

Funding Type Image
Seed
30 Apr 2015

ACE & Company

Techstars

2M

2 Investors

Funding Type Image
Seed
29 Jan 2016

2.4M

1 Investors

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Dopay's
Key Team Members

Frans van Eersel
Ahmed Nassef
Nick Mottershead FCA