peopleCQ
Winter 2021 · Active
Employer backed payroll advances for employees in Egypt
Location: Cairo, Egypt, EG
Founded: 2019
Team size: 85
Industries:
About
NowPay, a FinTech startup founded by ex-employees of IBM, Microsoft, Orange and Amazon, is building a financial-wellness platform for employees in emerging markets. Saving, spending, budgeting and borrowing. Those are the 4 pillars of financial-wellness. NowPay aims to improve every aspect of those for employees by building products that tackle every vertical.
NowPay enables employees to get their salaries in advance at any point in time during the month and also pay their bills instantly. NowPay is backed by 500 Startups, Beco Capital, Endure, Plug and Play, MSA Capital, 4dx, Foundation Ventures, EFG and Beltone and has raised 3.7m USD so far.
Founders
Mostafa AshourFounder
Ex-MSFT, Ex-IBM, Startups. Founder and CEO of NowPay.
Ahmed AbuelenienFounder
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