PalmPay
Next generation mobile wallet that empowers anyone with a smartphone to open a financial account, send money and make payments.
| USD | 2020 | 2021 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 150 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Founded in 2019, PalmPay has rapidly emerged as a leading fintech platform in Africa, offering a comprehensive suite of digital financial services through its mobile application and extensive agent network. The platform enables users to perform various financial transactions, including money transfers, bill payments, and access to credit and insurance services, all designed to be user-friendly and accessible.
PalmPay's growth strategy is rooted in its commitment to financial inclusion, particularly in regions with limited access to traditional banking services. By integrating its services with widely used smartphone brands and establishing a vast network of over one million agents and merchants, PalmPay ensures that even users in remote areas can access its financial services.
The company's innovative approach has not gone unnoticed. PalmPay has been recognized among the world's top fintech companies, highlighting its significant impact on the financial services industry in Africa. Its use of advanced technologies like Artificial Intelligence and Big Data analytics allows for personalized services and robust security measures, enhancing user trust and engagement.
As of 2025, PalmPay continues to expand its footprint across Africa and into new markets, aiming to become a financial superapp that caters to the diverse needs of its growing user base. With a focus on scalability, user-centric design, and strategic partnerships, PalmPay is well-positioned to redefine the digital financial landscape in emerging economies.