DOPAY

We are banking the 1.7 billion people in Africa, Middle East and South Asia that have jobs but no bank accounts. We unlock this market through payroll.

  • Stage Product In Market
  • Industry Fintech
  • Location London, UK
  • Currency EUR
  • Founded February 2016
  • Employees 115
  • Incorporation Type LLC
  • Website dopay.com

Company Summary

We are banking the 1.7 billion people in Africa, Middle East, and South Asia that don’t have a bank account despite having a job. Our key differentiator is that we unlock this market through corporate payroll. Companies can onboard their employees in seconds through the dopay platform and pay them electronically 24/7. Employees receive a debit card and mobile app.

Egypt, where 67% of the 109 million people are unbanked, is our first market.

Team

  • Frans van Eersel
    Founder & CEO

    A payments leader with proven track record in launching innovative payment solutions in frontier markets. Sold and built the automated clearing platform that handles interbanking payment transactions in Egypt. Advised Central Banks and postal organizations in frontier markets regarding their payments and financial inclusion strategies. Before becoming an entrepreneur, Frans worked in business development roles at ACI Worldwide and ING.

  • Ahmed Nassef
    COO

    A business leader with 20+ years of experience in leadership, growth, marketing, commercial operations and international expansion.
    An early executive team member of Maktoob (sold for US$164m to Yahoo) and Souq.com (sold for US$580m to Amazon)
    As part of the acquisition of Maktoob, Ahmed joined Yahoo and grew the Yahoo! brand to #1 position in advertising revenue and audience market share in Middle East Africa.

Previous Investors

  • Mike Velings
    Unconfirmed

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