Fintech
Dopay Gets $13.5M for Digital Payroll Expansion
July 17, 2024
Written by FinTech Alliance in Financial Technology
Fintech startup Dopay has raised $13.5 million in its Series A funding round. The investment, led by Force Over Mass Capital, FMO, and NN Group, will help Dopay expand its digital payroll platform, specifically targeting unbanked and underbanked workers in emerging markets.
The Dopay platform provides instant access to salary via prepaid debit cards, facilitating financial inclusion by offering virtual banking services to those without a traditional bank account.