PalmPay in Talks to Raise $100M as Profitable African Fintech Expands
PalmPay may raise up to $100M as it expands across Africa and Asia. Learn how this profitable African fintech is scaling fast.
Matilda
PalmPay in Talks to Raise $100M as Profitable African Fintech Expands PalmPay Funding News: Profitable African Fintech Eyes $100M Expansion Round Is PalmPay raising more funding in 2025? How much is PalmPay worth now? And is the company really profitable? These are some of the most searched questions about one of Africa’s fastest-growing digital banking platforms. According to reliable sources, PalmPay — a leading African fintech — is currently in discussions to raise between $50 million and $100 million in a Series B funding round. This comes as the company strengthens its position in the African fintech ecosystem and gears up for aggressive expansion into new markets across Africa and Asia . With strong user growth, increasing transaction volumes, and rising revenue, PalmPay is attracting investor attention again, potentially pushing its valuation closer to unicorn status . Image Credits:PalmPay Founded in 2019, PalmPay is a mobile-first digital bank built to serve the underbanked and informal economy across emerging markets. O…
