PalmPay
PrivateLast Round
Series B
Jun 1, 2025
Est. Valuation
$850M
Total Funding Raised
$140M
Company Overview
PalmPay is a fintech company that offers a mobile payment application providing reliable and affordable financial tools across Africa, allowing users to earn rewards, make payments, buy airtime, transfer funds, and request money with ease.
Sector
FinTech
Verticals
Digital Payments, Digital Wallets, Digital Banking, Point-of-Sale
Business Model
B2B2C
Customer Profile
Payment Processing Fee, Hardware Sales, Services & Consulting
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
PalmPay Comparables
Compare PalmPay with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| OPay | 93% | |
| Moniepoint | 84% | |
| Paga | 83% |
PalmPay Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Jun 1, 2025 | ||||
| Series A | Aug 1, 2021 | ||||
| Seed | Nov 13, 2019 |
Key People
Founding team and executive leadership
PalmPay Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| GIC Private Limited | Series A |
| NetEase | Seed |
| Yunshi Capital | Series A |
| AfricInvest | Series A |
| Capital Trust | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 16, 2026
Key sponsor announced for Payments Forum Nigeria (PAFON) 3.0.
- Apr 16, 2026
Key sponsor announced for Payments Forum Nigeria (PAFON) 3.0.
Recent news
Latest coverage and updates
- launchesSep 24, 2026
PalmPay Limited launches NightGuard.
- receives_awardSep 8, 2026
Chika Nwosu at PalmPay Limited receives award Leadership Fintech Company of the Year.
- recognized_asSep 8, 2026
PalmPay Limited recognized as Fintech Company of the Year 2026.
- invests_into_assetsSep 3, 2026
PalmPay Limited invests into assets: infrastructure in Nigeria, Western Africa, Africa.
- launchesSep 3, 2026
PalmPay Limited launches quick-response options for customers who lose access to phones or cards.
PalmPay Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about PalmPay's valuation, stock price, and market status.
Is PalmPay a public or private company?
PalmPay is a private company.
What is the current stock price of PalmPay?
PalmPay is a private company with no public stock price. No recent secondary market data is available.
How much is PalmPay worth (valuation)?
Valuation information for PalmPay is not publicly available.
Can I buy PalmPay stock?
PalmPay shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was PalmPay's last funding round?
PalmPay's most recent funding round was Series B on June 6, 2025.
Who are the main investors in PalmPay?
Key investors in PalmPay include Capital Trust.
Will PalmPay IPO soon?
No public IPO plans have been announced for PalmPay.
How can I track PalmPay secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor PalmPay's secondary market activity and sign up for updates.