dopay is a fintech startup that provides a cloud-based payroll service that allows employers to calculate salaries and make payments electronically.

dopay is transforming the lives of these 'unbanked' people and their employers by breaking the cash cycle through a payroll and cash management service.

dopay was founded in Jan 4, 2014 by Frans van Eersel. The company is based in London, England, United Kingdom with offices in Cairo and Ghana.


Dopay digitises cash payments from employers to workers and other beneficiaries through its virtual banking platform. The platform enables staff to be paid in real-time, even during weekends and holidays. Each account provides a prepaid debit card and 24/7 access to funds via ATM withdrawal.


dopay automates the payroll process for employers and provide a debit card and mobile app for unbanked employees, meaning that employers no longer have to handle large amounts of cash and including employees in the world of electronic payments and other financial services.


Dopay has hundreds of active corporate customers in Egypt, from small local businesses to large enterprises including McDonald’s and the country’s leading bus ride-sharing brand, SWVL.


Dopay is backed by Force Over Mass Capital, FMO, NN Group, Mbuyu Capital, Alder Tree Investments, and others. The company raised $18M (£13.1M) in Series A round on Sep 20, 2021. This brings Dopay's total funding to $22.4M to date.



  • Year founded: 2014
  • Funding Info: $22.4M over 4 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: London
  • State: England
  • Country: United Kingdom
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