PalmPay has 35 million registered users and processes 15 million daily transactions, with annual transaction values in the tens of billions of dollars. The company's revenue was $64 million in 2023, more than doubling since its last funding round.
Revenue Amount
$64,000,000
Organizations Involved
Transsion
Company Description
PalmPay is a digital bank fintech that started in Nigeria, focusing on the underbanked population by offering services like credit, savings, insurance, and bill payments through a mobile app. The company has built a vast network of small businesses and agent merchants to facilitate cash-in and cash-out services.