PalmPay launches in Nigeria on $40M round led by China’s Transsion
In addition to Nigeria, PalmPay will utilize the$40 million seed funding to grow its financial services business in Ghana. That’s why hundreds of start-ups are coming down on Africa’s fintech space, looking to provide scalable services for the continent’s financial requirements. “On channel and access, we’re going to be pre-installed on all Tecno phones. The business raised almost$400 million in a Shanghai IPO in September and prepares to invest approximately $300 million of that on new R&D and manufacturing abilities in Africa and globally. In addition to Transsion’s assistance and network, Reeves names PalmPay’s partnership with Visa.
That’s why hundreds of startups are coming down on Africa’s fintech area, looking to offer scalable options for the continent’s financial requirements. “On channel and access, we’re going to be pre-installed on all Tecno phones. In addition to Transsion’s assistance and network, Reeves names PalmPay’s partnership with Visa.