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dopay
About
dopay provides a cloud-based payroll service that allows employers to calculate salaries and make payments electronically.
- 51 - 100
Details
- Last Funding Type
- Series Unknown
- Industries
- Finance,Financial Services,FinTech,Payments
- Founded date
- Jan 4, 2014
- Number Of Employee
- 51 - 100
- Operating Status
- Active
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 this cash 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.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jun 1, 2017 | Series Unknown | — | 1 | — | — | Detail |
| Apr 30, 2015 | Seed | $2M | 1 | — | — | Detail |
Investments
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
ACE & Company
|
— | Series Unknown |
