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
Geography
Egypt
founder(s)
Mostafa Ashour, Ahmed Sabry
Co-investors
Y Combinator, 500 Global, Beco Capital, Foundation Ventures, Global Ventures
Asset Strategy
Fintech (Lending)