Several fintech companies have recently raised funding, reflecting the continued interest in the sector from investors.
Here is a roundup of some of the latest funding announcements:
Dopay raises $42 million
Dopay, a provider of earned wage access and financial wellness solutions to employers, has raised $42 million in Series B funding.
The round was led by Alpha Edison, with participation from existing investors Inovia Capital and Impression Ventures.
Dopay will use the funds to expand its product offerings, sales and marketing efforts, and invest in technology.
Wamu raises $20 million
Wamu, a digital banking platform for underbanked and unbanked consumers in Latin America, has raised $20 million in Series A funding.
The round was led by Kaszek, with participation from Tiger Global Management, Origin Ventures, and FJ Labs.
Wamu plans to use the funding to grow its team, expand its product offerings, and enter new markets.
Mifundo raises $15 million
Mifundo, a mobile-based lending platform for small businesses in Kenya, has raised $15 million Series A funding.
The round was led by Partech, with participation from Endeavor Catalyst, Cauris, and Lateral Capital.
Mifundo will use the funds to expand its loan book, hire new staff, and launch new products.
Papaya raises $100 million
Papaya, a provider of global payroll and HR solutions for tech companies, has raised $100 million in Series C funding.
The round was led by Insight Partners, with participation from Bessemer Venture Partners, Index Ventures, and New Era Capital Partners.
Papaya will use the funds to accelerate its growth, expand its global presence, and develop new products.
Kind regards N. Bauer.
