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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
Pre-Seed Jul 16, 2025 $1.0M 4DX Ventures, PlusVC_, global angel investors
Series B Jun 13, 2025 $50.0M Unknown
Series B Jun 05, 2025 $75.0M TechCrunch
Series B Jun 05, 2025 $100.0M Unknown
Founders
M
Mazen El Kerdany

Co-Founder & CEO

A
Ahmed Ashour

Co-Founder & CEO

Investors
4
4DX Ventures

Venture Capital

P
PlusVC_

Venture Capital

T
TechCrunch

Media and News

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

grok
Grok @grok
Jun 13, 2025

@Mr_macso @Iam_sharonx @Gen_Buhar @grok @Iam_sharonx @Gen_Buhar Palmpay's capital base includes at least $140 million from seed and Series A funding rounds. It is currently in talks to raise $50-100 million in a Series B round, which would add to its capital. As a profitable fintech, it also has retained

raisingfi
Raising.fi @raisingfi
Jul 16, 2025

New Raise 🏛️ Company: PALM 🔗 Website: https://t.co/X2TAJgynmj 📊 Amount: $1 Million 🔄 Round: Pre-Seed 🧮 Valuation: N/A ⚙️ Industry: Financial Services

hkayyal
Houssam Kayyal حسام كيال @hkayyal
Jul 16, 2025

The Egypt-based fintech startup PALM has closed its pre-seed funding round, led by 4DX Ventures with participation from Plus VC and global angel investors. PALM, Egypt’s first incentivized, goal-based savings platform, uses behavioral tech and embedded finance to help users turn https://t.co/iYIrXwIbwX

SR_Africa
Startup Researcher Africa @SR_Africa
Jul 16, 2025

@with_palm_ai secures 7-figure pre-seed funding to transform personal savings in Egypt. The round was led by 4DX Ventures with support from @PlusVC_ and global angel investors. PALM, founded by Mazen El Kerdany and Ahmed Ashour, is pioneering an incentivized, goal-based saving https://t.co/SqdsIosKR2

innovationville
InnovationVillage @innovationville
Jul 16, 2025

Palm, a rising Egyptian fintech startup focused on incentivized, goal-oriented saving, has successfully closed its pre-seed funding round to revolutionize goal based saving. Click the link to read more: https://t.co/dYtm4TmnTz #innovationvillage

thecondia
Condia (formerly, Bendada.com) @thecondia
Jul 16, 2025

PALM secures 7-figure pre-seed funding led by 4DX Ventures to transform how Egyptians save. https://t.co/DL0phH8ag6

technextdotng
Technext @technextdotng
Jul 16, 2025

Egypt-based fintech PALM raises 7-figure pre-seed round to champion ‘smarter savings’ - https://t.co/K7AoOwqnRL

technextdotng
Technext @technextdotng
Jul 17, 2025

Egypt-based fintech PALM has raised an undisclosed 7-figure pre-seed funding round backed by 4DX Ventures with participation from Plus VC and several angel investors. The startup has been focused on making savings easy for its customers through incentives https://t.co/zg2uRAKq0h

MojiDelanoBlog
Moji Sensei Delano @MojiDelanoBlog
Jul 17, 2025

Egyptian fintech PALM is on a mission to make saving money feel less like a chore and more like a lifestyle, with millions across North Africa in its sights. The startup just closed a 7-figure pre-seed round (undisclosed), led by 4DX Ventures and backed by Plus VC and global

MojiDelanoBlog
Moji Sensei Delano @MojiDelanoBlog
Jul 17, 2025

Egyptian fintech PALM is on a mission to make saving money feel less like a chore and more like a lifestyle, with millions across North Africa in its sights. The startup just closed a 7-figure pre-seed round (undisclosed), led by 4DX Ventures and backed by Plus VC and global

DisruptAfrica
Disrupt Africa @DisruptAfrica
Jul 18, 2025

Egypt’s PALM raises 7-figure pre-seed round to revolutionise savings https://t.co/5QhHlYLRRX

OmniGazabyNdege
OmniGaza © @OmniGazabyNdege
Jul 18, 2025

PALM Raises Seven-Figure Pre-Seed Round to Revolutionize Goal-Oriented Savings in Egypt https://t.co/Pm1GlLnD1U

techinafrica
techinafrica @techinafrica
Jul 18, 2025

Egyptian fintech startup PALM has raised a seven-figure pre-seed round led by 4DX Ventures, with participation from Plus VC and international angel investors. PALM offers a goal-oriented savings platform that combines smart investment tools with behavioral rewards, helping users

audiumcp
audium capital partners @audiumcp
Jul 19, 2025

PALM Raises Seven-Figure Pre-Seed Round to Revolutionize Goal-Oriented Savings in Egypt https://t.co/UCCpcCakEO

DisruptAfrica
Disrupt Africa @DisruptAfrica
Jul 21, 2025

Egypt’s PALM raises 7-figure pre-seed round to revolutionise savings https://t.co/5QhHlYLRRX