PalmPay confirms fundraising talks as expansion plans target Africa and Asia
- Palmpay is in advanced talks to raise between $50 million and $100 million in a Series B funding round.
- The company raised $140 million across its seed and Series A rounds.
- Palmpay plans to expand its operations into South Africa, Côte d’Ivoire, Uganda, and Tanzania by the end of 2025.
Palmpay's aggressive expansion and strong financial performance position it well within the competitive fintech landscape. However, the success of its Series B funding round and its ability to penetrate Asian markets will be critical for sustaining its growth trajectory and achieving unicorn status.
