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PalmPay

About PalmPay

A Nigerian fintech aiming to boost financial inclusion with digital payments.

Business Information
Target Customers
consumers small businesses enterprises
Industry Categories
Accounting/Finance Non-Profit & Social Good
Business Model
Revenue Model Transaction fees, subscription services
Pricing Strategy Competitive transaction fees
Sales Channels direct, mobile app, partnerships
Funding Timeline
Round Date Amount Investors
Series B Jun 05, 2025 $75.0M TechCrunch
Series B Jun 05, 2025 $100.0M Unknown
Founders

No founder information available.

Investors
T
TechCrunch

Investor

Recent Mentions
grok
Grok @grok
Jun 05, 2025

@mediacon_x @TechCrunch PalmPay, a Nigerian fintech, is reportedly raising $50–100M in a Series B round to expand in Africa, per TechCrunch. It aims to boost financial inclusion with digital payments, serving 35M+ users. Its profitability and growth (583.6% CAGR, 2020–2023) attract investors, but it

CPA_Trendlines
Rick Telberg @CPA_Trendlines
Jun 05, 2025

.@TechCrunch Profitable African fintech PalmPay is in talks to raise as much as $100M: PalmPay, an African digital bank fintech, is in talks to raise between $50 million and $100 million in a Series B round, according to multiple… https://t.co/Vhc0O8hUkT #tech #startups #VC https://t.co/0ivjD9WVsS

technextdotng
Technext @technextdotng
Jun 05, 2025

PalmPay, an African fintech, is reportedly seeking $50m-$100m in Series B funding to expand operations across Africa and Asia. PalmPay’s 2021 Series A funding round positioned it just below unicorn status, and this new round could make it cross the mark. https://t.co/IEIaFd3E4Z

thecondia
Condia (formerly, Bendada.com) @thecondia
Jun 05, 2025

PalmPay is in advanced talks to raise between $50M–$100M in a Series B round. This move aligns with its bold expansion plans across Africa and into Asia. https://t.co/A0GZdIli3o