4 years ago

NowPay Secures Pre-Series A Funding from Y Combinator and Investors

  • NowPay, a Cairo-based financial wellness platform for employees, has joined Y Combinator and raised fresh funds in a Pre-Series A round

  • The investors include Global Ventures, Beco Capital, Endure Capital, Foundation Ventures, and Abderahman ElSewedy

  • NowPay enables employers to offer salary advances to their employees through its mobile app, and claims to have managed over $200 million in salaries and serves clients like Sodic, Axa, ITWorx, Vezeeta, KarmSolar, and many more.

      • ProblemFinancial Services

      "Employees often face financial hardship between paychecks, leading to stress and difficulty managing their finances."

      Solution

      "NowPay offers a platform that enables employers to provide salary advances to their employees through a mobile app. This allows employees to access their earned wages on demand, improving their financial well-being and reducing financial stress."

      Covered on