5/16/2023 0 Comments Torchlight 2 crashes on startupPayday enables remote workers and freelancers in Africa, especially Rwanda and Nigeria, to send and receive money in 20 different currencies, including USD, GBP, and EUR. With an Initial idea to build PayPal for Africa, Favour Ori’s Payday is helping customers in 11 African countries, including Rwanda, where it first established its headquarters due to its business-friendly environment, access a remittance platform where most financial services are accessible and available. We see a potential to leverage their infrastructure to further deepen our suite of financial services for merchants as well, and we’re looking forward to all that’s to come.” Favour Ori, Payday’s CEO and Founder Payday’s recent strides “There’s also the alignment in our goal to provide financial happiness by addressing key international payment pain points with merchants and individuals. This is something that isn’t very common, and the urge to encourage that fire inspired us to want to be a part of this,” Moniepoint CEO Tosin Eniolorunda said on the investment. Personally, I connect deeply with his drive, technical depth, and desire to execute. “At Moniepoint, we’re excited about the unique things Favour and the team are doing with PayDay. Its CEO, Tosin Eniolorunda, says Payday’s drive and path closely aligns with its goal of driving financial inclusion and facilitating cross-border payment services in Africa. Moniepoint, one of the investors in the round, expressed their excitement about partnering with what Payday is achieving in Africa. The company claims to have helped process close to $1 million already.
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