The CEO and founder of Payday, Favour Ori, in a statement, made available to LEADERSHIP, said, this round of funding will lay the foundation for the continued growth of Payday platform as the company expand its services to a wider audience.“This investment represents a significant milestone for our company and we are grateful for the trust and commitment shown by our investors both existing and new.
“Our passion for empowering individuals and businesses with convenient and secure payment solutions is tangible, and we believe that this funding will allow us to do so on an even greater scale,” Ori stated. With the company increasing its user base by 100,000+ a month, the evolution of Payday and its services was inevitable with Payday 3.0 being launched in January of this year, dedicated to building a super app that enhances and simplifies the UX for its customers.
CEO of Moniepoint Inc, Tosin Eniolorunda, said: “at Moniepoint, we are excited about the unique things Favour and the team are doing with Payday. Personally, I connect deeply with his drive, technical depth, and desire to execute. The urge to encourage that fire inspired us to want to be a part of this.
“More important is the alignment in our goal to provide financial happiness by addressing key payment pain points. Moniepoint with merchants and Payday with individuals. We see a potential to leverage their infrastructure to further deepen our suite of financial services for merchants, and we’re looking forward to all that’s to come.”
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