Egyptian B2B2C Payments Platform Dopay Secures Us 18M Series A Round For Expansion
Dopay was launched in June 2014 with the goal of accelerating financial inclusion in Egypt by providing payroll services and prepaid cards to the unbanked. McDonalds, Swvl, Barclays-Egypt, and Bank ABC are among the firm’s clients, and it got an agent banking license from Egypt’s Central Bank last month. The startup will be able to expand its existing company in Egypt thanks to the Series A fundraising round. It will also enable the fintech startup in building a range of financial services in addition to cashless payroll and employee prepaid cards....