Sahara Fragile

Main Menu

  • Home
  • Sahara desert
  • Namib desert
  • Kalahari desert
  • Savanna desert
  • Fragile States

Sahara Fragile

Header Banner

Sahara Fragile

  • Home
  • Sahara desert
  • Namib desert
  • Kalahari desert
  • Savanna desert
  • Fragile States
Fragile States
Home›Fragile States›Earnipay Secures $4M Seed Funding to Provide On-Demand Pay

Earnipay Secures $4M Seed Funding to Provide On-Demand Pay

By Christopher J. Jones
February 22, 2022
0
0

To earn, a fintech solution that provides flexible, on-demand access to employees, closed a $4 million funding round led by Canaan and with participation from XYZ Ventures, Village Global, Musha Ventures, Ventures Platform, Voltron Capital and Paystack CEO Shola Akinlade. Targeting employees across Africa, Earnipay officially launched operations last month (January 2022), having been in development and beta testing since September 2021.

Founded by Nonso Onwuzulike to improve the financial well-being of employees, Earnipay uses its technology to provide employees with the ability to access their earned wages in their accounts flexibly, in real time and without interest. Earnipay partners with employers and seamlessly integrates with their payroll systems to offer its services to employees, who can then track and withdraw their accrued wages through the app. Companies can exercise comprehensive oversight and set limits on the percentage of salary employees can withdraw each month. Since running in beta, Earnipay has served over 20 companies, outsourcing companies and HR solution providers in Nigeria, including Eden Life and Thrive Agric, whose employees have used the app to access their pay more of 1,000 times, indicating high demand for the solution.

With the seed funding, Earnipay will accelerate the development of its technology platform to serve large enterprise employers. In doing so, Earnipay will provide employees with the tools they need to make better financial decisions and improve their quality of life. The company plans to offer its pay-on-demand solution to 200,000 employees by the end of 2022.

Nigerians can now work and earn dollars EVERY DAY from home. Regular individuals can earn as little as $300 per day Find out how it works.
100% natural herbs to finally put an end to premature ejaculation, weak erection and small manhood. Click on Here Now .

Speaking on the funding cycle and the recent launch of Earnipay, CEO Onwuzulike said, “Financial worries are the number one cause of workplace distractions. The monthly pay cycle means employees are often unable to pay day-to-day expenses, cover emergencies, or take advantage of immediate financial opportunities. As a result, they are exposed to predatory payday loans and get stuck in endless cycles of debt with unrealistic repayment periods and high interest rates. Earnipay exists to solve this problem and provide an ethical alternative to instant access to pay while helping employers improve employee engagement and retention at zero cost to their business. The future of pay is on-demand, and we’re excited to be pioneering this incredible solution in Africa.

Related posts:

  1. QuickQuid Collapse – Everything You Need To Know As Payday Lender Leaves UK
  2. Advocates Again Call for Legislation Capping Payday Loan Rates
  3. Four million payday and home loan customers from Provident, Greenwood and Satsuma must request repayments NOW
  4. Consumer Fees Come Into the Crosshairs: CFPB Seeks Public Comment on Alleged ‘Unwanted Fees’ in Consumer Financial Services Industry | Sheppard Mullin Richter & Hampton LLP
Tagspayday loans

CATEGORIES

  • Fragile States
  • Kalahari desert
  • Namib desert
  • Sahara desert
  • Savanna desert

RECENT POSTS

  • NEW POLL SHOWS SIGNIFICANT MAJORITY OF HOURLY WORKERS FIGHTING HIGH GASOLINE PRICES AND INFLATION
  • Obituary of Richard Gauthier – Le Soleil du Désert
  • Three tips for investing in a recession
  • Norwich’s Joe Ringer Band flew to the Sahara Desert
  • Amber Heard will become a “full-time mom” in this remote desert town

ARCHIVES

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • February 2019
  • January 2019
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • October 2017
  • September 2017
  • August 2017
  • June 2017
  • May 2017
  • March 2017
  • January 2017
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • January 2016
  • November 2015
  • May 2015
  • April 2015
  • January 2015
  • December 2014
  • October 2014
  • September 2014
  • June 2014
  • May 2014
  • January 2014
  • November 2013
  • October 2013
  • September 2013
  • April 2013
  • March 2013
  • November 2012
  • May 2012
  • October 2011
  • November 2010
  • April 2008
  • July 2006
  • November 2005
  • Privacy Policy
  • Terms and Conditions