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PayJoy

MexicoFintechFounded 2015

PayJoy is a fintech company that provides credit solutions to underbanked consumers in emerging markets, primarily by leveraging smartphone technology to offer secured lending. The company enables users to access financial services and purchase smartphones without needing a traditional bank account or formal credit history, utilizing patented technology to manage risk and track repayment. Operating in nine countries including Mexico, Peru, Colombia, Brazil, and South Africa, PayJoy serves over 20 million customers and has expanded its offerings beyond device financing to include products like the PayJoy Card for revolving credit. The company operates as a Public Benefit Corporation with a focus on ethical lending and data-backed impact, reporting significant improvements in customer financial well-being.

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2 funding rounds tracked. Follow the profile to review the shared record and its sources.
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