Payday, a financial technology company founded by Favour Ori, has secured $3 million in a seed round to fund its expansion into the United Kingdom and Canada, a statement sent to Ripples Nigeria on Wednesday disclosed.
The Pan-African neobank is eyeing operational licenses in the foreign markets to increase its revenue sources and improve on its average of 40,000 transactions per day.
Payday has been making moves in the payment market lately, incorporating in the UK and securing partnership with Elon Musk’s internet service firm, Starlink, to become its payment channel in Nigeria.
