Egyptian fintech Dopay raises a $13.5M Series A extension round to boost offerings and accelerate expansion
- Dopay closes $13.5m Series A extension round led by Argentem Creek Partners
- Funding will be used to accelerate expansion in Egypt and launch new financial services
- Dopay's mission aligns with the Egyptian Central Bank's vision of digitising payments and promoting financial inclusion
The closing of the Series A extension round and the additional funding will greatly support Dopay's expansion plans and the launch of new financial services. The alignment with the Egyptian Central Bank's vision and the awarded banking agent license further solidify Dopay's position in the market. The payroll-centric approach endorsed by Argentem Creek Partners shows a promising strategy for integrating unbanked and underbanked workers into the financial system.
