Paymenow Group

Paymenow Group Debt Financing

Funding Round
Paymenow Group•July 8, 2025•1y ago
BackView Startup

Amount Raised

$22.4M

Date Announced

Jul 08, 2025

1y ago

Disclosed Investors

1

1 lead

Linked Sources

3

Paymenow Group Debt Financing round record, dated Jul 08, 2025, amount listed $22.4M, 1 disclosed investor.

Notes

R400 million sustainable working-capital facility from Standard Bank Group, announced 8 July 2025, to expand Paymenow's earned-wage-access service across Africa. This is debt financing, not equity. A duplicate generic Funding Round record was consolidated into this canonical row to prevent double-counting.

Disclosed Investors (1)
Lead Investor
Standard Bank Group
Standard Bank Group

Venture Capital

Profile
Source Coverage (3)

techbuild.africa

https://techbuild.africa/paymenow-22-4m-demand-salary-across-africa/

cbinsights.com

Paymenow line of credit

paymenow.app

Standard Bank extends R400 million facility to Paymenow

Record Details
Date announced
July 8, 2025
Round
Debt Financing
Amount raised
$22,400,000
Local currency
ZAR 400,000,000
Pre-money valuation
—
Post-money valuation
—
Disclosed investors
1
Lead investors
1
Linked sources
3
Startup ProfileAll Rounds