Notes on onboarding the next billion

Category: Press Release

PayJoy Achieves Monumental 400% Year-Over-Year Growth in Brazil

Company Sees Clear Path to Quadruple Brazilian Growth by 2025 with 155 Million Potential Customers SAN FRANCISCO, May 17, 2024 /PRNewswire-PRWeb/ -- PayJoy, the leading lender to the underserved in emerging markets, today announces 400 percent year-over-year growth in 2023 in Brazil. In a country where 155 million people have…

PayJoy Card Named Finalist in Finance Category of Fast Company’s 2024 World Changing Ideas Awards

From a solution to repurpose cold plasma to treat seeds to 3D printed living seawalls, the eighth annual awards honor new and inspiring solutions to the most daunting challenges of today. SAN FRANCISCO, May 14, 2024 /PRNewswire-PRWeb/ -- The winners of Fast Company's 2024 World Changing Ideas Awards were announced…

PayJoy Launches the PayJoy Card, Helping Customers Build Credit and Achieve Economic Freedom

With fixed total amounts and transparent terms, PayJoy Card helps the underbanked avoid debt traps and redefines how fair lending is done SAN FRANCISCO, May 13, 2024 /PRNewswire-PRWeb/ -- PayJoy, the leading lender to the underserved in emerging markets, today announces the launch of the PayJoy Card, offering a new…

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…