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PalmPay

Fintech · Lagos, Nigeria · Founded 2018

Next generation mobile wallet that empowers anyone with a smartphone to open a financial account, send money and make payments MoreLess

Founded in 2019, PalmPay has rapidly emerged as a leading fintech platform in Africa, offering a comprehensive suite of digital financial services through its mobile application and extensive agent network. The platform enables users to perform various financial transactions, including money transfers, bill payments, and access to credit and insurance services, all designed to be user-friendly and accessible.

PalmPay's growth strategy is rooted in its commitment to financial inclusion, particularly in regions with limited access to traditional banking services. By integrating its services with widely used smartphone brands and establishing a vast network of over one million agents and merchants, PalmPay ensures that even users in remote areas can access its financial services.

The company's innovative approach has not gone unnoticed. PalmPay has been recognized among the world's top fintech companies, highlighting its significant impact on the financial services industry in Africa. Its use of advanced technologies like Artificial Intelligence and Big Data analytics allows for personalized services and robust security measures, enhancing user trust and engagement.

As of 2025, PalmPay continues to expand its footprint across Africa and into new markets, aiming to become a financial superapp that caters to the diverse needs of its growing user base. With a focus on scalability, user-centric design, and strategic partnerships, PalmPay is well-positioned to redefine the digital financial landscape in emerging economies.

Valuation $100–500M
Revenue $10–50M
Headcount 2–5k
Total funding $100–500M
Unlock exact values This page shows ranges. Dealroom has the exact numbers for PalmPay and the history behind them.

Talent graph

PalmPay's talent

Book a demo to see the people
Team profiled 19 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

11 investors on PalmPay's cap table

Sourced from Dealroom's funding and investor records.

Seed 3 investors entered at this stage
TRANSSION
MediaTek Ventures
NetEase Capital
Series A 8 investors entered at this stage
China Creation Ventures CCV
MediaTek
Seas Capital
AfricInvest
Chuangshi Capital
Yunshi Equity Investment Management
Chengyu Capital
Trust Capital

Global footprint

Where PalmPay has talent and traffic

Workforce by country
16 countries with
team presence
🇳🇬 Nigeria76.1%
🇧🇩 Bangladesh10.8%
🇹🇿 Tanzania4.1%
🇵🇰 Pakistan3.6%
🇨🇳 China1.6%
Top 5 of 16 shown
Web traffic by country
1.6M monthly visits
across markets
🇳🇬 Nigeria92.3%
🇹🇼 Taiwan3.8%
🇺🇸 United States2.4%
🇬🇭 Ghana1%
🇨🇦 Canada0.7%
Top 5 markets shown

Market sentiment

What the market is saying about PalmPay

An AI-synthesized read of the highest-engagement posts about PalmPay on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See PalmPay on the full Dealroom platform

Live deal flow, founder pedigree, hiring signals, revenue trajectory, and the full cap table.