Profitable African Fintech PalmPay Is in Talks to Raise as Much as $100M

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 sources familiar with the matter. It’s unclear what valuation it hopes to get, but its last round, in 2021, ranked it among the continent’s most valuable startups, estimated just shy […]

Palmpay in Talks to Raise Between $50M – $100M Series B to Fund African and Asian Expansion

Palmpay, a licensed and insured mobile money operator in Nigeria that offers money transfer, bill payment, and savings, is reportedly in talks to raise $50 million to $100 million in a Series B funding round. This funding effort follows the company’s previous raise of nearly $140 million across seed and Series A rounds. The anticipated […] The post Palmpay in Talks to Raise Between $50M – $100M Series B to Fund African and Asian Expansion appear…

PalmPay to reportedly raise $100M Series B round

On Techpoint Digest, we discuss Turkcell's fight against MTN SA's appeal in the $4.2 billion Iran case, PalmPay's plans to raise $100 million in a Series B round, and Sierra Leone's move towards 5G.

👨🏿‍🚀TechCabal Daily – PalmPay in talks to raise up to $100M

In partnership with Lire en Français اقرأ هذا باللغة العربية TGIF! Let’s get into today’s dispatch! PalmPay in talks to raise up to $100 million Kenya’s tax net widens, moves to scrap ESCOP tax breaks The dollarisation squeeze, and how founders are hitting back Funding Tracker World Wide Web 3 Opportunities Fintech PalmPay in talks to raise up to $100 million Image Source: Zikoko Memes PalmPay is in talks to raise between $50 million and …

The Story Behind PalmPay Growth in Nigeria’s Rapid Fintech Rise

PalmPay’s growth in Nigeria is a beacon that showcases the phenomenal extent to which fintech has made an impact on day-to-day living. With a focus on setting up convenient payment avenues that include bill payments, instant transfers, and airtime top-ups, PalmPay has amassed a membership of 35 million since its establishment in 2019. With Chinese … The post From Cash to Digital: Understanding PalmPay Growth in Nigeria’s Fintech Scene appeared f…

Palmpay Plans 100M Series B to Grow in Africa and Asia

Palmpay, a leading fintech headquartered in Lagos, Nigeria, is reportedly in advanced talks to raise between $50 million and $100 million in a new  Series B funding round. At the last round in 2021, it was close to being conferred the unicorn status as it ranked among Africa’s most valuable startups. The exact valuation after this series B round is not yet known. Palmpay has not made an official statement on the fundraising specifics. However, s…