Total funding: $40 million
Mobile-led financial services app
Founders: Antti Arponen, Phil Reynolds
Nationality: Finnish, Australian
Date of establishment: 2017
Pyypl offers virtual and physical prepaid cards, instant domestic and international user-to-user transfers, and remittances to 38 currency destinations. In November 2022, it secured $20 million in a Series B fundraising round to expand the reach of its digital payments and financial services across the Middle East and Africa. It currently operates in the U.A.E., Bahrain, Kenya, Mozambique, Sierra Leone, and Kazakhstan. It aims to be fully operational in more than 20 countries in the next five years. Pyypl claims that its user numbers, transaction volumes, and revenues have grown over four times since its Series A funding round in 2021.