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PalmPay

FintechMobile PaymentsB2C📍 Nigeria

PalmPay is one of Africa’s fastest-growing digital payments companies, offering services such as payments, transfers, savings, lending, and merchant services. The company serves over 35 million users and more than one million merchants, positioning itself as a significant player in the fintech space. With a valuation exceeding $1 billion, PalmPay is preparing for a potential IPO in Hong Kong while seeking to raise additional funding to support its expansion plans.

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Total raised
$375M
across 3 rounds
Latest round
Series B
Aug 7, 2026
Known investors
3
led by Transsion Holdings
Press coverage
4
outlets tracked

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Funding history

  1. 3
    $200MSeries BAug 7, 2026

    Led by Transsion Holdings

    Announcement ↗
  2. 2
    $150 million to $200 millionAug 4, 2026
    Announcement ↗
  3. 1
    $175MAug 4, 2026
    Announcement ↗

Investors in PalmPay

Backers from this company's tracked funding rounds.

  • TTranssion HoldingsLead investorVC firm
  • NNetEaseVC firm
  • MMediaTekVC firm

PalmPay in the news

Coverage of this company's funding, tracked by Datapile.

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