PalmPay is a fintech innovator that aims to make digital payment more accessible and flexible for consumers and merchants. We improve users' digital payment experiences by offering instant financial account creation, money transfers, and bill payments.
Since launching in 2019, PalmPay has quickly established itself as one of the continent's leading and fastest-growing payment providers.
PalmPay raised a US$100 million Series A round of funding in August 2021, with US$140 million raised in total. The company is now operating in Nigeria, Ghana and Tanzania, and will be scaling its proposition in other African markets in 2022.
Since launching in 2019, PalmPay has quickly established itself as one of the continent's leading and fastest-growing payment providers.
PalmPay raised a US$100 million Series A round of funding in August 2021, with US$140 million raised in total. The company is now operating in Nigeria, Ghana and Tanzania, and will be scaling its proposition in other African markets in 2022.
Location: Nigeria, Lagos State, Lagos
Employees: 1001-5000
Phone: +234 1 888 6888
Investors 1
| Date | Name | Website |
| 30.12.2023 | China Crea... | en.ccvcap.... |
Mentions in press and media 25
| Date | Title | Description |
| 08.05.2025 | PalmPay to expand to 4 African markets after processing 1.35 bn transactions in Q1 | Nigerian fintech PalmPay will expand into South Africa, Côte d’Ivoire, Uganda, and Tanzania by the end of 2025, building on momentum from processing over 15 million daily transactions in its home market during the first quarter, Managing Di... |
| 05.05.2025 | Navigating the Digital Landscape: Financial Innovation and Regulatory Challenges in Nigeria | Nigeria stands at a crossroads in the digital age. The nation is witnessing a surge in fintech innovation, while simultaneously grappling with regulatory challenges posed by global tech giants. This duality shapes the landscape of digital f... |
| 29.04.2025 | Nigeria: 'Palmpay, Verve Partner to Launch Integrated Card System | PalmPay, a fintech platform has unveiled its new PalmPay Debit Card in partnership with Verve, Africa's largest domestic card scheme. This partnership reflects PalmPay and Verve's shared commitment to driving financial inclusion by expandin... |
| 16.04.2025 | How Moniepoint is going after remittances with Monieworld | Moniepoint, the Nigerian fintech unicorn, has launched Monieworld, its remittance product that allows UK residents to send money directly from a Monieworld account, cards, a British bank account or via Apple Pay and Google Pay to any Nigeri... |
| 16.04.2025 | Emerging Markets-Focused Fintech Platform PalmPay Unveils New Debit Card in Nigeria with Verve | LAGOS, Nigeria, April 16, 2025 /PRNewswire/ -- On March 29, 2025, PalmPay, a leading digital bank and fintech platform focused on emerging markets, has launched the PalmPay Debit Card in Nigeria in partnership with Verve, Africa's largest d... |
| 11.04.2025 | How Nigeria’s tap-to-pay revolution can close the gap with global fintech leaders | By Wilson Adenuga Contactless payments, often called tap-to-pay, are no longer a luxury; they are the norm in many parts of the world. Whether riding the train in London, grabbing coffee in Tokyo, or buying groceries in Paris, paying is now... |
| 05.04.2025 | Verve Expands Payment Frontiers with Global Partnerships and Contactless Innovation | Verve, Africa’s largest domestic payment card and token brand, has continued to strengthen its position as a leader in digital payments through a series of strategic partnerships and technological advancements. The brand remains committed t... |
| 02.04.2025 | PalmPay Unveils New Debit Card in Partnership with Verve, Marks Its Evolution into Full-Service Digital Banking | PalmPay, one of Africa’s fastest-growing fintech platforms, today officially launched its new PalmPay Debit Card in partnership with Verve, Africa’s largest domestic card scheme. This partnership reflects PalmPay and Verve’s shared commitme... |
| 10.02.2025 | NIBSS bets on QR codes as a cash alternative for small-value payments | The Nigeria Inter-Bank Settlement System (NIBSS), the country’s largest payment switch, is betting on QR codes as a cash alternative for small-value transactions after improving its Nigeria Quick Response (NQR) payment platform. At a press ... |
| 24.01.2025 | PalmPay and Zone: A New Era of Payment Reliability in Africa | In the bustling world of fintech, partnerships can spark revolutions. The recent alliance between PalmPay and Zone is a prime example. This collaboration promises to reshape the payment landscape across Africa, enhancing reliability and sec... |
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