PalmPay
PrivateLast Round
Series B
Jun 1, 2025
Est. Valuation
$850M
Total Funding Raised
$140M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
PalmPay operates in FinTech and is based in Lagos. Its latest recorded funding round was a Series A round in August 2021.
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, Lending & Credit, Point-of-Sale
Business Model
B2B2C
Customer Profile
Payment Processing Fee, Hardware Sales, Services & Consulting
AI Layer
Application
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% |
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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 |
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Key People
Founding team and executive leadership
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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.
- Sep 13, 2026
Monthly visitors grew 36% MoM, reaching 2.5 million.
- Apr 16, 2026
Key sponsor announced for Payments Forum Nigeria (PAFON) 3.0.
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Recent news
Latest coverage and updates
- receives_awardOct 26, 2026
PalmPay Limited receives the Most Innovative Fintech Brand 2026 award at the 2026 BrandCom Awards for its efforts to improve digital banking through reliable transactions, enhanced security, and customer-focused financial solutions.
- recognized_asOct 26, 2026
At the 2026 BrandCom Awards, PalmPay Limited is recognized as the Most Innovative Fintech Brand 2026 for improving digital banking through reliable transactions, enhanced security, and customer-focused financial solutions.
- launchesOct 24, 2026
PalmPay Limited, together with aik Digital, prepares to introduce Shariah-compliant Buy Now, Pay Later (BNPL) handset financing in Pakistan to make smartphones more accessible through flexible payment arrangements aligned with Islamic finance principles.
- invests_into_assetsOct 19, 2026
PalmPay Limited continues to invest in technology and infrastructure in Nigeria to support digital banking, facilitate everyday payments and transfers, and lower transaction costs through offerings such as free transfers.
- launchesOct 18, 2026
PalmPay Limited introduces technological safeguards, including facial verification, to strengthen security on its digital platform and make it more difficult for fraudsters to operate.
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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.
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Frequently 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, so its shares have no public market price. Caplight tracks PalmPay's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is PalmPay worth (valuation)?
PalmPay's valuation is estimated at $850.0M based on funding round data.
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.
When was PalmPay's last funding round?
PalmPay's most recent funding round was Series B on June 1, 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 in PalmPay's shares on secondary markets.