PalmPay Eyes Up to $100M in Fresh Funding as it Pushes Beyond Nigeria
- PalmPay is in talks to raise between $50M and $100M in a Series B funding round.
- The company has already raised nearly $140M in previous funding rounds.
- PalmPay is profitable and has 35M registered users with 15M daily transactions.
Bendada.com - Jun 5, 2025
PalmPay confirms fundraising talks as expansion plans target Africa and Asia
Palmpay, a prominent fintech based in Lagos, Nigeria, is in advanced discussions to raise between $5
PalmPay's growth trajectory and profitability indicate a strong potential for further expansion in emerging markets. However, the competitive landscape in fintech is rapidly evolving, and it will be crucial for PalmPay to innovate continuously and maintain its user base amidst increasing competition.
