PalmPay is a simple and secure payment app that give rewards.

PalmPay allows you to send money for free, pay for your airtime and bills and earn rewards every time you spend with

PalmPay was founded in 2018 and is based in Lagos, Nigeria.

PalmPay is on a goal to become the largest financial services platform in Africa by expanding to more countries on the continent.

PalmPay users in Nigeria are able to make payments without fees, pay bills, get airtime discounts, and make bank transfers with a rate of NGN10 ($0.03), the media outlet stated.


PalmPay’s app will reportedly be pre-installed on 20 million phones by Tecno, Infinix, and itel in the next year, as part of a partnership deal.


PalmPay has raised $40M from a Seed round on Nov 13, 2019. The financing is backed by Transsion, NetEase and MediaTek.



  • Year founded: 2018
  • Funding Info: $40M over 1 Round (Funding Type: Seed- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Lagos
  • State: Lagos
  • Country: Nigeria
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