NowPay

NowPay, founded by former employees of IBM, Microsoft, Orange, and Amazon, operates out of Cairo, Egypt, with a team of 35. As a participant in the Y-Combinator W21 batch, NowPay focuses on enhancing financial wellness for employees in emerging markets. The company offers a platform where employees can access their salaries at any time during the month and make instant bill payments without needing credit or debit card details. Additionally, NowPay facilitates cash-free transfers between users and allows shopping from top stores with flexible repayment plans up to 10 months. Supported by investors like 500 Startups, Beco Capital, and others, NowPay has raised $3.7 million in funding. The platform manages over 1.5 billion in monthly payments and benefits over 300,000 people. Available in English and Arabic, the mobile app can be downloaded on both iOS and Android platforms, ensuring wide accessibility. NowPay also provides a customer support hotline and partners with leading shopping networks to offer purchases with salary-deducted installments.