Notes on onboarding the next billion
Category: Press Release
How PayJoy built $300M in revenue by letting the underserved use their smartphones as collateral for loans
Lerato Motloung is a mother of two who works in a supermarket in Johannesburg, South Africa. After her phone was stolen, Motloung had to go without a mobile phone for nine months because she could not afford a new one. Then, in February 2024, she saw a sign about PayJoy,…
10 Million Individuals in Emerging Markets Have Entered the Financial System Through PayJoy
Public Benefit Corporation and Leading Fintech Crosses 10 Million Customers and Over $2 Billion Lent SAN FRANCISCO, March 8, 2024 /PRNewswire-PRWeb/ -- PayJoy, the leading lender to the underserved in emerging markets, today announces it has helped 10 million customers enter the modern financial system, build credit, achieve economic freedom,…
PayJoy Announces $360M in Funding to Support Growth
SAN FRANCISCO, Sept. 5, 2023 /PRNewswire/ -- PayJoy is excited to announce a successful $360M capital raise, consisting of $150M in Series C equity and $210M in debt. The equity was led by Warburg Pincus, with participation from Invus, Citi Ventures and prior leads Union Square Ventures and Greylock. The…
PayJoy Announces Compatibility with Africa’s #1 Smartphone Manufacturer Transsion and Other Leading Manufacturers via PayJoy Access
SAN FRANCISCO, Oct. 21, 2019 /PRNewswire/ -- PayJoy Inc, a leader in providing consumer finance to the next billion via smartphones, has launched its compatibility program for smartphone original equipment manufacturers (OEMs), starting with agreements with four key smartphone brands in emerging markets: Transsion Group, TCL/Alcatel, D.Light and Hisense, building on existing compatibility with Samsung and LG. These…