Top Contributors
Add to this Profile
Overview
Update- Total Equity Funding
- $7.13M in 3 Rounds from 10 Investors
- Most Recent Funding
- $2.4M Seed on January 29, 2016
- Headquarters:
- London, England
- Description:
- dopay provides a cloud-based payroll service that allows employers to calculate salaries and make payments electronically.
- Founders:
- Frans van Eersel, Frans van Eersel
- Categories:
- Financial Services
- Website:
- http://www.dopay.com
- Social:
Company Details
UpdateWorldwide there are 2 billion people that have jobs but no bank account. Companies feel this acutely. Since both their employees and their customers are unbanked, they have to manage huge amounts of cash. DoPay breaks this cash cycle by offering a payroll and cash management service for companies. Employees receive a DoPay card and DoPay app, which give them a full banking experience.
We are already working in partnership with Barclays to provide payroll services to several multinationals, embassies and local companies in Egypt and aim to expand into the largest unbanked regions of the world.
Funding Rounds (4) - $7.13M
Update| Date | Amount / Round | Valuation | Lead Investor | Investors |
|---|---|---|---|---|
| Jan, 2016 | $2.4M / Seed | — | Techstars Ventures | 4 |
| Jan, 2016 | undisclosed amount / Non Equity Assistance | — | Mastercard Start Path | 1 |
| Apr, 2015 | €2.75M / Seed | — | — | 5 |
| Aug, 2014 | €1.25M / Angel | — | — | 2 |
Investors (11)
Current Team (8)
Update
Frans van Eersel
Founder & Managing Director
Han Van Dijk
Chief Marketing Officer
Brad van Leeuwen
Chief Partnerships Officer
Serena McHugh
Chief Experience Officer
William Rolvink
Chief Information Officer
Board Members and Advisors (1)
Update
News (6)
Update| Date | News |
|---|---|
| Apr 7, 2016 | Techstars - Funding and M&A Activity Across the Techstars Ecosystem |
| Jan 29, 2016 | FinSMEs - dopay Raises $2.4M in Pre-Series A Funding |
| Jan 29, 2016 | Vator.tv - Daily funding roundup - January 29, 2016 |
| Jan 29, 2016 | fstech.co.uk - dopay gets funding boost |
| Jul 6, 2015 | Tech City News - Record $1.5bn raised in London in first half of 2015 - Tech City News |
| Apr 30, 2015 | TechCrunch - Dopay Banks $2M To Launch A Cloud Payroll Service For The Unbanked |
Partners (2)
Update
Techstars
Techstars is a Worldwide Network that helps entrepreneurs succeed
Techstars (Barclays Accelerator, London)
Powered by Techstars, the Barclays Accelerator is a 13-week programme run by a full-time, dedicated Techstars team.
Offices/Locations (3)
UpdateHeadquarters
One Canada Square Level39
Canary Wharf
London, England E14 5AB
United Kingdom
DoPay Egypt
Cairo,
EGY
DoPay West Africa
Accra,
GHA
