Monday, September 22, 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

The Invigilator South Africa
Funding

The Invigilator, a South African ed-tech startup  Raises $11 Million to Transform Remote Exam Monitoring

by Tech Gist Africa
09/12/2025
0

South African ed-tech startup The Invigilator has closed an $11 million funding round (about ZAR 195 million) to scale its...

Read more
Alibaba China

Alibaba Group Holding announced plans to raise about US$3.2 billion

09/11/2025
Intella Egypt

Intella, an Egyptian startup Scores $12.5M Series A to Power Arabic Speech AI Across MENA

09/11/2025
Temidayo Isaiah Oniosun Nigeria

Temidayo Oniosun Launches Nigeria’s First Egusi Seeds to Space

09/11/2025
REdimension Capital South Africa

REdimension Capital Secures $13.8 Million to Transform South Africa’s Proptech Landscape

09/04/2025
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

Gitex Nigeria 2025

Nigeria’s Digital Moment: Key Takeaways from GITEX Nigeria 2025

by Tech Gist Africa
09/11/2025
0

...

Itana Nigeria

Itana Opens Applications for Digital Residency Launchpad

by Tech Gist Africa
09/11/2025
0

...

Africa’s Business Heroes 2025

Africa’s Business Heroes Names 20 Finalists for $1.5M 2025 Prize

by Tech Gist Africa
09/11/2025
0

...

Innovation Process

Djezzy Launches Open Innovation Challenge 2025 to Drive Inclusive Digital Transformation in Algeria

by Tech Gist Africa
09/11/2025
0

...

Temidayo Isaiah Oniosun Nigeria

Temidayo Oniosun Launches Nigeria’s First Egusi Seeds to Space

by Tech Gist Africa
09/11/2025
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.