NowPay is a FinTech company that focuses on improving the financial-wellness of corporate employees.
NowPay enables employees to get paid at any point in time during the month.
NowPay was founded in 2019 by Mostafa Ashour. The company is headquartered in Cairo, Cairo, Egypt, with an office in San Francisco, California.
NowPay has so far managed salaries in excess of US$100 million, with a 60 per cent month-on-month growth rate, and integrated our platform with leading Egyptian and multinational names such as SODIC, Wadi Degla, Domty and AXA.
NowPay is backed by Foundation Ventures, Endure Capital, BECO Capital, 500 Startups, Plug and Play, 4dx Ventures, MSA Capital, EFG-EV Fintech and Ebtikar. The copany raised $2.1M in a Seed round on Oct 12, 2020. This brings NowPay's total funding to $2.7M to date.