FUND

Sturgeon Emerging Opportunities LP

Executive summary

Nowpay is building the digital workforce bank for the 28m salaried employees in Egypt. Starting from early salary access, the company is building out additional products and features such as bill payments, P2P transfers, BNPL, savings, and a Nowpay Card. Through these and other features, Nowpay aims to solve financial wellness problems in Egypt. SEO invested in NowPay's Series A in Q1 2022.

Company Information

COMPANY NAME

NowPay

WEBSITE

nowpay.cash

Geography

Egypt

founder(s)

Mostafa Ashour, Ahmed Sabry

Co-investors

Y Combinator, 500 Global, Beco Capital, Foundation Ventures, Global Ventures

Asset Strategy

Fintech (Lending)