dopay

Category: Startup

Vertical: Financial Education and Inclusion

Website: www.dopay.com

Description:

dopay’s mission is to become the ‘day-to-day’ bank for ‘unbanked’ and ‘financially underserved’ people.

There are 2 billion people worldwide who have jobs but no bank account. This means they are cut off from even the most basic financial services that we take for granted. Companies that employ these people feel this acutely; cash handling costs for managing both incoming cash flow from their unbanked customers as well as the wages of their unbanked employees could take up as much as 25% of their revenue.

dopay is committed to transforming the lives of both ‘unbanked’ and ‘underserved’ people and their employees by breaking the cash cycle through a payroll and cash management service for companies, and by offering a full mobile banking experience for consumers.