Tuesday, September 2, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Fintech

Earnipay, a Nigerian fintech startup, has raised $4 million in venture funding to expand its earned salary access solution

Tech Gist Africa by Tech Gist Africa
02/18/2022
in Fintech, Funding, News - West Africa, Startups
0 0
0
Earnipay Nigeria

Earnipay Nigeria

0
SHARES
Share on FacebookShare on Twitter

Earnipay, a Nigerian fintech firm that provides income earners with flexible and on-demand salary access, has raised US$4 million in seed funding to expand its product.

Canaan Ventures leads the seed round, which also includes XYZ Ventures, Village Global, Musha Ventures, Ventures Platform, Voltron Capital, and Paystack CEO Shola Akinlade.

Earnipay, founded last year by Nonso Onwuzulike, connects employer payroll and human resource management systems to enable employees to obtain their earned compensation quickly and interest-free.

The startup began operations officially last month after months of research and beta testing, and has already served over 20 organizations, outsourcing firms, and human resource solution providers in Nigeria.

“Financial concerns are the leading source of professional distractions. Employees are frequently unable to afford everyday expenses, cover crises, or take advantage of quick financial possibilities due to the monthly pay cycle. As a result, individuals become vulnerable to predatory payday lenders and become trapped in never-ending debt cycles marked by unrealistic payback timeframes and high interest rates,” Onwuzulike explained.

Earnipay intends to use the funding to accelerate the development of its technology platform for major enterprise employers. By the end of 2022, it intends to deliver its on-demand salary solution to 200,000 employees.

 

Read more on Tech Gist Africa:

CrowdForce, a Nigerian agency banking startup, raises $3.6 million in a pre-Series A funding round

Flutterwave, a Nigerian fintech company, raises $250 million in Series D funding, bringing its value to over $3 billion

MoneyHash, an Egyptian FinTech startup, raises $3 million in pre-seed funding

 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

GITEX Nigeria 2025
Events

GITEX Nigeria 2025: A Landmark Event for Africa’s Digital Future

by Tech Gist Africa
09/01/2025
0

Nigeria is set to host the inaugural GITEX Nigeria from September 1–4, 2025, marking a significant milestone in the nation's...

Read more
Agriculture Africa

Ghana to Become Africa’s First AI-Powered Agricultural Hub with $100M Japanese Investment

09/01/2025
Munify Egypt

Munify Secures $3M Seed Funding to Revolutionize Cross-Border Banking for Egyptians Abroad

09/01/2025
Uncovered Fund and Monex Ventures

Uncovered Fund and Monex Ventures have launched a $20M Fund

09/01/2025
Hypeo AI Morocco

Hypeo AI Secures Strategic Investment to Transform Influencer Marketing in Africa and the Middle East

09/01/2025
Next Post
MTN new logo

MTN Rebrands as a Tech Company and Debuts a New Logo

KraftPal Technologies UK

London-based KraftPal Technologies raises €108.8M

Ada Health

Berlin-based Ada Health raises €26.2M

No Result
View All Result

The Big 5

ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

by Tech Gist Africa
09/01/2025
0

...

startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

by Tech Gist Africa
09/01/2025
0

...

Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

by Tech Gist Africa
09/01/2025
0

...

Presight AI-Startup Accelerator

Presight AI-Startup Accelerator Ignites Global Innovation in Abu Dhabi

by Tech Gist Africa
09/01/2025
0

...

African tech ecosystem

Africa’s Growing Role in Global Tech Partnerships: Collaboration with Silicon Valley and Beyond

by Tech Gist Africa
08/25/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.