PalmPay

Fintech • Lagos, Nigeria

PalmPay entered Nigeria’s financial technology sector in 2019 with a model that linked digital payments to the continent’s rapidly expanding smartphone economy. Backed by Transsion and launched with a $40 million funding round, its early distribution strategy leveraged Tecno, Infinix and itel devices to place financial services directly within a mass consumer technology network. That intersection of mobile hardware, digital payments and financial access became a defining part of PalmPay’s early expansion and helped establish the company within the next generation of African fintech platforms.