DoPay

B2B FinTech

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92 VISITORS | 180 VIEWS

FOUNDING YEAR: 2014

LOCATION:

United Kingdom

REGION:

Last Update:
27 Jun, 2019

Description

DoPay offers banking services for un(der)banked employees. It provides a cloud-based payroll service that allows employers to calculate salaries and pay all employees electronically.

FOCUS

PRODUCTS & SERVICES:

Corporate Payroll Solution, Payroll Account and Card, Mobile App

REVENUE MODEL:

Viewable by subscribers only

MAIN CLIENTS:

Philips, Wadi Degla Holding, Vodafone, Ebc, Invensys, Embassy of Denmark

EXISTING PARTNERSHIPS:

Barclays Accelerator, Techstars, Visa

PEOPLE

FOUNDERS:

Frans Van Eersel

Board Members and Advisors:

Mike Velings, Frans van Eersel, Mourad Eissa, Patrick Boateng

NUMBER OF EMPLOYEES:

201-500

INVESTORS:

Barclays Accelerator, John Power

TRACTION

VALUATION / MARKET CAP:

$11 MM in 2015

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$7.13 Millions

DATE OF LAST FUNDING:

Jan 2016

SEED & PRIOR FUNDING:

$7.13 Millions

SEED CLOSED ON:

Jan 2016

SEED PRIOR FUNDING COMMENT:

Seed funding: $5.74 M in Jan, 2016, Angel funding: $1.39 M in Aug, 2014 plus undisclosed amount in Jan, 2016

LATEST RESEARCH

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