Dopay: Raises US$ 18 million Series A round
- Dopay is the fintech company dedicated to breaking the cash cycle with a range of services that bring the advantages of secure
- Raises US$ 18 million Series A round to grow its next-generation virtual banking platform
- Meets a strong and growing demand from businesses for cashless payroll and from employees for access to digital banking
- An estimated 200 million businesses still rely on cash payments while their workers have no access to bank accounts
- Through its virtual banking platform digitizes cash payments from employers to workers and other beneficiaries
- Each account provides a prepaid debit card, in partnership with Mastercard, enabling 24/7 access to funds via ATM withdrawal
