NowPay
Latest round
- Seed
Last raised
- Oct 2020
Total raised
- $2.7M
Investors
- 9
About NowPay
NowPay is a financial services provider that allows users to access their earnings at any given time through a mobile app. Founded in 2019 in Cairo, Egypt, the company has undergone no significant pivots since its inception. It was founded by Mostafa Ashour, who is also the current CEO. NowPay offers a suite of financial solutions aimed at improving employee financial wellbeing and optimizing payment processes for businesses. Its core services include all-time access to salaries, instant bill payments, cash-free money transfers, and shopping installment options via a mobile application. The salary access feature helps employees to reduce financial burdens and improve productivity, while the instant bill payment service allows users to pay bills without credit or debit card details.NowPay generates revenue through transaction fees linked to its services and partnership agreements with employers who provide these offerings as a benefit to their employees. Businesses may pay a subscription fee to integrate NowPay's platform, enabling their workforce to access salary advances and utilize the app's services. Employees benefit from bill payments, money transfers, and shopping options, fostering a revenue-sharing model with retail partners, thus creating a steady income based on user engagement and service usage.
Who invested in NowPay
9 investors across 3 rounds
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Questions about NowPay
Who invested in NowPay?
NowPay has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NowPay raised?
NowPay has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did NowPay last raise money?
NowPay's most recent round on record is a Seed, in Oct 2020.
What does NowPay do?
NowPay is a financial services provider that allows users to access their earnings at any given time through a mobile app.
Where is NowPay headquartered?
NowPay is headquartered in Cairo, Egypt.
Which VCs invest in companies like NowPay?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at NowPay's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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