PalmPay
PrivateLast Round
Series B
Jun 1, 2025
Est. Valuation
$850M
Total Funding Raised
$140M
Momentum
Top 5%
of companies Caplight tracks
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, Lending & Credit, Point-of-Sale
Business Model
B2C
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.
- 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.
Recent news
Latest coverage and updates
- receives_awardOct 13, 2026
At the 2026 BusinessDay Banks and Other Financial Institutions (BAFI) Awards in Nigeria on Oct 9th '26, PalmPay Limited wins the Digital Payments Platform of the Year award for its contribution to digital payments and financial inclusion.
- launchesOct 13, 2026
PalmPay Limited begins rolling out contactless payment functionality on its POS terminals in Feb '25, starting with a 1,000-device pilot.
- attends_eventOct 13, 2026
PalmPay Limited receives the Digital Payments Platform of the Year award at the BAFI Awards in Nigeria on Oct 9th '26.
- receives_awardOct 12, 2026
PalmPay Limited receives the Digital Payments Platform of the Year award at the 2026 BusinessDay Banks and Other Financial Institutions Awards in Nigeria for its digital payments platform.
- recognized_asOct 12, 2026
PalmPay Limited is named Digital Payments Platform of the Year at the 2026 BusinessDay Banks and Other Financial Institutions Awards in Nigeria on Oct 9th '26 for its contribution to digital payments growth and financial inclusion.
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, 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.