With a strong and diverse team at the helm, the fintech firm is poised to build a successful platform for Africans to send and receive money around the world.
 
Payday, a Pan-African financial technology company raised one million dollars to build out what they believe will be the “PayPal” for Africa. The company was backed by several investors including LofyInc, Microtraction, Magic Fund, Ventures Platform, Voltron Capital, CcHub Syndicate, Helicarrier Inc, Greencap Equity, Midlothian Angel Network, Emergence Capital, Olugbenga Agboola (GB), Charles Odita, Eke Eleanya, Adegoke Olubusi, Edmund Olotu, Prosper Otemuyiwa, Dimeji Sofowora, Perseus Mlambo, Abdul Hassan, Onyekachukwu Somtochukwu Eyisi, and a host of other investors.

Nigeria's Favour Ori, CEO of Payday founded the company in May 2021 and kicked off its beta test in June 2021 with a cold launch in July. Within three weeks of launch, Payday successfully processed over $1.4 million in transactions.

Payday’s product offerings include sending and receiving money globally, getting paid by foreign employers and clients, issuing Virtual Mastercards, and paying tuition and other fees in the United States, Canada, and the United Kingdom.

Payday is also used by foreign businesses such as TalentQL (TechStars), Tupelo, and a slew of others to pay their employees in Africa for a variety of services such as payroll, taxes, and compliance.

“Payday’s solution is extremely timely and it backs up Africa’s agenda of a single market. Making it seamless and easy to pay people in their local currency and through multiple checkout options is a strong boost for AfCFTA” - ‘Bosun Tijani.
 
Temi Awogboro, General Partner at MAGIC Fund said “Magic is delighted to be an early backer of Favour and the Payday team in achieving their audacious vision of enabling swift borderless online payments services for Africa, thereby connecting its users with vast opportunities around the world.
This aligns with our founders-backing-founders thesis and we are excited by the opportunity to support the team as they positively disrupt the space.”
 
"Africa is home to some of the most talented and ambitious entrepreneurs we see in the world today, and they are solving problems for one of the biggest markets on the planet. Sending money remains complicated, time-consuming and expensive but we believe Payday Africa has the vision to liberate Africans and the global diaspora to send and receive money quickly and affordably" says Sunil Sharma, Managing Director of Techstars Toronto.

“Ventures Platform said we are thrilled to partner with Payday as they seek to ease the difficulty with moving money around Africa and across the world; this is even more critical as remote work opportunities continue to grow for young Africans” - Kola Aina, General Partner, Ventures Platform.

“We have been really impressed with Payday’s speed to integrate and launch with Union54. They have worked tirelessly to bring a best-in-class product with a delightful design. They have a thoughtful approach to simplifying how money moves and we are delighted to support them today and for the future” - Perseus Mlambo, CEO at Union54.

"Payday is an exciting product that makes moving money around Africa and the world super easy, and the founding team are relentless and committed to the mission. I’m glad to back them." - Eke Eleanya, Founder/CEO Risevest.

Payday is a platform created to provide swift payments for Africans across the globe.  They want to be the one-stop shop for anyone looking to move money freely within and beyond Africa. Say goodbye to crazy fees and slow wire transfers.

Although the current investment round is closed, Payday is still open to meeting interesting players and investors in the Fintech space.

Source:
https://www.statepress.ng/2021/10/24-year-old-nigerian-secures-1m-to.html

FTC,so where is the money,abi is just ordinary FTC,anyway I dedicate this FTC to all orphans and cancer patient out there,and also my lovely mamaG,muuuaaaah!!!! And all my nairaland goons.tiri gbosa!!!

Good work

Let's hope it grows into something bigger and bigger...

I'm happy for him at least he doesn't think about nyash always like some of our brothers on this forum ...
Life is fun but if crayfish is mixed with zobo how do you expect a premature entity?
Do not get me wrong, I'm adverbial not conducive ...if a human can produce something like this then why can't egg and cloth communicate simultaneously ?

Good to know that these Nigerian youths are doing great and excelling outside this country, while our leaders still believe that we are lazy and prefer to address us as such. We will only ask for the opportunity and an enabling environment in Naija and then watch us turn things for the progress of the country. My two kobo

All these unverifiable news from junk websites

Beautiful

Nice one

Eweee

Nice innovation, may God continue to blessing him, as his trying to repair our bad reputation

Nice

Nice one

God bless me like this one day

The good news we need

Amaka

We need people like this

Cool

And those old fools using Railway to scam Nigerians want to use 60+ billon to generate 1.3 billion.

God!!!!?
Tech is money

Igbo Amaka!!!!!


This is the kind of man I wanna be ...will get there someday


I believe God!

Yahoo boys now

We dey wait

Opportunity Paypal lost...

Nice one

Ty

The end is near

Contrary to the belief of many so called Christians who never for once read thier Bible with understanding

But they depend of the false prophets to feed them lies

We also have our false prophets here on nairaland,

The chief of which is righteousness2

There's no rapture , no one is going to be taken away

The Catholic devils inserted that particular misleading deceptive verse attributed to one Paul

In all the books written about the end times, there's none that points to an event where people will be taken away before punishments

Jesus said in Matthew 24
21 For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be.

22 And except those days should be shortened, there should no flesh be saved: but for the elect's sake those days shall be shortened.


The days of tribulations will come and even the elects will be on the ground and be saved or hidden

29 Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:

30 And then shall appear the sign of the Son of man in heaven: and then shall all the tribes of the earth mourn, and they shall see the Son of man coming in the clouds of heaven with power and great glory.

31 And he shall send his angels with a great sound of a trumpet, and they shall gather together his elect from the four winds, from one end of heaven to the other.

It's only after the great punishment that Jesus will now come and start gathering all the scattered children of Israel from all around the world and bring them to thier land once again as promised


Please don't put your mind to any rapture,.

Prepare your mind for war and punishment

Only those who persevere till the end will be saved

That's wejapa founder na.

wow, we are getting there gradually...
just that our leaders are our problem we are having in this part of the world

Programming is not that hard especially if u have science or engineering background or u are not too scared of logical problems and u if u were used to solving maths problem.
.
The real problem with programming is the focus and tenacity to keep practising everyday.
.
If u can overcome this obstacle of focus, concentration, and consistent practise, u will be shocked in 6months of rigorous focus of what u can create with any programming language.... May God give us focus for productive venture and take away distraction from social media, Nairaland, Facebook, Instagram and twitter from your lives.
...............This is from experience.