Nigerian fintech Payday raises $1m in pre-seed funding for its African projects. The seed round saw the participation of several investors, including LofyInc, Microtraction, Magic Fund and Ventures Platform, among others.

Payday recently succeeded in raising an amount of one million USD in pre-seed funding from investors, intended to develop its African projects. In addition to being present in Kenya, Uganda and Nigeria, the pan-African start-up wants to make Rwanda its headquarters in Africa. Created in May 2021, Payday is a platform that offers fast payment methods to Africans all over the world. The company wants to be the one stop shop for anyone looking to move money freely within and beyond Africa.