ADVERTISEMENT
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
Thursday, October 9, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
  • News
  • Finance
  • StartUPs
  • TechTAINMENT
  • Guest Writer
  • Digital Assets
  • IndustryINFLUENCERS
  • Environment
  • Macro Monday
ADVERTISEMENT

PayDay hits over 17,000 users six month after launch

PayDay, a multi-purpose fintech startup that enables African creatives to receive, send money globally, has become a sensation in the market.

TechEconomy.ng’s findings show that the fintech startup headquartered in Rwanda has reached 17,000 users within the first six months of its launch.

PayDay rolled out services in July 2021 and has been regarded as the ‘PayPal of Africa’. The reasons are not far-fetched. PayDay is regarded as the fastest and most efficient way for technology talent and creatives throughout the African continent to receive payments from their global or foreign clients within minutes all on their mobile phones or personal computers.

PayDay also functions as a multiple purposes fintech app that delivers payment of tuition, application and Student and Exchange Visitor Information System (SEVIS) fees in the United States, United Kingdom and Canada.

Interestingly, the platform enables you to perform these transactions within one to five days maximum.

You can also use the dollar ($) tag to send money to family and friends. This is quite strategic, especially now that the Central Bank of Nigeria has introduced and maintained the “Naira 4 dollar scheme”, where citizens are given back a certain amount of Naira for receiving dollars in their account (home).

More so, PayDay enables you to hold your cash in USD (for stability) and shop with the Virtual card.

For the crypto fans, you can withdraw money to your crypto wallet (BTC), bank account and Momo account.

In a LinkedIn post, Favour Ori, the founder/CEO, revealed that PayDay carried out over 56,000 successful transactions within the period under review.

PayDay in Numbers 2021
PayDay in Numbers 2021 (Source: LinkedIn/Favour Ori)

PayDay which has secured over two million dollars ($2m+) in funding is now available in 10 countries.

The Fintech startup, founded by Nigerian entrepreneur, Favour Ori became the first Rwandan company to join the prestigious Techstars Toronto Accelerator program in 2021.

PayDay is definitely one of the Fintechs to watch in 2021

0Shares

Tags: Favour Orifavour ori paydayPayDay
Yinka Okeowo

Yinka Okeowo

Next Post
SA-based HealthLeap raises $1.1m pre-seed to build clinical AI assistant to fight malnutrition

SA-based HealthLeap raises $1.1m pre-seed to build clinical AI assistant to fight malnutrition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • About
  • Advertise
  • Careers
  • Contact Us

© 2025 TECHECONOMY.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs

© 2025 TECHECONOMY.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.