PayJoy

lendingonline loans

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 19/01/2021

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About

PayJoys mobile locking technology and data science enable financial inclusion for billions worldwide.We enable people worldwide in emerging markets to purchase a new smartphone on installment payments and to get cash loans using their smartphone as collateral.Founded in 2015, PayJoy has helped tens of thousands of underbanked consumers in emerging markets, across the U.S., Latin America, Southeast Asia, Africa, and India.

MEDICI Analysis

PayJoy is a consumer finance platform that allows consumers to buy smartphones by changing the upfront phone charges into equated monthly installments. The company partners with retailers to provide these services. PayJoy's pay-to-own contracts app come pre-enabled (installed by the retailer) on the smartphone and this enables companies to lock the android phone in case of non-payment of the EMI. Customers register for PayJoy at a local merchant with their Facebook account, phone number, and government issued I.D.

Focus

PRODUCTS & SERVICES

App for retailers to provide EMI options to smartphone buying customers

REVENUE MODEL

The company does not disclose revenue model information. However, they could generate revenue from the interest rate earned from customer repayment and also could generate part of revenue as a sales commission from the retailer.

MAIN CLIENTS

Vega Express

Tu Centro Mobile

Azteck Communications and Retail Customers

Traction

VALUATION / MARKET CAP:

$56.17 M in 2016

COMPANY TYPE:

For Profit

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

40,820

AVERAGE VISITS (6 MONTHS)

105,011.17

MONTHLY VISITS GROWTH

-15.42%

VISIT DURATION

237

VISIT DURATION GROWTH

25.88%

PAGE VIEWS VISIT

2.07

PAGE VIEWS VISIT GROWTH

-5.3%

BOUNCE RATE

61.94%

BOUNCE RATE GROWTH

-2.5%

GLOBAL TRAFFIC RANK

651,687

MONTHLY RANK CHANGE

-82,388

MONTHLY RANK GROWTH

-11.22%

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