B2B2C payments platform dopay secures US$18m Series A round

EGYPT – dopay, a B2B2C payments platform that aims to serve 1.7 billion unbanked workers in emerging markets, has finalized an US$18 million Series A round. dopay intends to address a steady and growing demand from businesses for cashless payroll and from workers for access to virtual banking and digital payments. Globally, there are numerous companies that still depend heavily on cash payments while their employees don’t have access to standard bank accounts. Through its digital banking platform, dopay aims to digitize cash transactions from employers to workers and other…

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