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Paymenow
https://www.paymenow.app/Last activity: 06.05.2026
Probably Closed - Reference to Paymenow
Paymenow was designed to even cash flows throughout the month by enabling access to already earned wages at a flat fee. At no additional cost to the employers, employees are able to withdraw a percentage of their earned wages when they need to, and the amount is deducted from the final salary amount at the end of the month. The company also uses a gamified structure within the app to take the users through a financial education journey and encourage better spending and savings habits in a month.
Location: South Africa, Western Cape, Stellenbosch
Total raised: $231K
Investors 2
| Date | Name | Website |
| - | The Cataly... | thecatalys... |
| - | Catalyst F... | bfaglobal.... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 23.06.2020 | Seed | $231K | - |
Mentions in press and media 16
| Date | Title | Description |
| 06.05.2026 | Two South African fintechs merge to take on payday lenders | Paymenow’s Deon Nobrega and PayCurve’s Tamir Sacks Stellenbosch-based fintech Paymenow has merged with Johannesburg’s PayCurve to create what the combined business is calling South Africa’s first fully integrated employee financial wellness... |
| 29.06.2020 | Catalyst Fund announces three African startups to join new cohort | Share this: Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new... |
| 26.06.2020 | SA startup SmartWage raises R6m to expand payday solution | Johannesburg based startup SmartWage has raised a R6-million investment to help it to grow its solution that allows companies to give employees instant access to their earned salaries and wages. It follows the announcement on Monday (22 Ju... |
| 26.06.2020 | SA startup SmartWage raises R6m to expand payday solution | Johannesburg based startup SmartWage has raised a R6-million investment to help it to grow its solution that allows companies to give employees instant access to their earned salaries and wages. It follows the announcement on Monday (22 Jun... |
| 24.06.2020 | Nigeria’s Wellahealth, Flex Finance & SA’s Paymenow join global accelerator backed by UK aid, JP Morgan Chase | This article is brought to you as part of a new partnership between two of Africa's foremost news and information platforms for African tech startups, Techpoint Africa and Ventureburn Share this article: Three African tech startups have bee... |
| 24.06.2020 | Catalyst Fund selects three African fintech startups for accelerator programme | Three African tech startups have been selected to take part in global inclusive fintech accelerator the Catalyst Fund‘s latest cohort. The three African firms are Nigeria’s WellaHealth and Flex Finance, as well as South Africa’s Paymenow. T... |
| 24.06.2020 | Catalyst Fund selects three African fintech startups for accelerator programme | Three African tech startups have been selected to take part in global inclusive fintech accelerator the Catalyst Fund‘s latest cohort. The three African firms are Nigeria’s WellaHealth and Flex Finance, as well as South Africa’s Paymenow. ... |
| 23.06.2020 | SA’s Paymenow Accepted into Catalyst Fund Accelerator Program | Fintech (financial technology) on smart phone concept. Jirsak / Shutterstock.com |
| 23.06.2020 | SA’s Paymenow Accepted into Catalyst Fund Accelerator Program | Fintech (financial technology) on smart phone concept. Jirsak / Shutterstock.com Stellenbosch-based FinTech startup Paymenow today announced it has been accepted into Catalyst Fund, the global inclusive fintech accelerator managed by BFA Gl... |
| 23.06.2020 | Former Springbok, Bryan Habana’s Paymenow nets $231,000 seed funding | This article is brought to you as part of a new partnership between two of Africa's foremost news and information platforms for African tech startups, Techpoint Africa and Ventureburn Share this article: Stellenbosch, South Africa based fin... |
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