Notes on financing the next billion

Innovative technologies like the PayJoy Lock are likely to lead to the next smartphone boom on the continent.

First day, at PayJoy's SF office The summer finally came to California, but I’m now 10.5k miles or 21+ flight hrs away from Berkeley. I will spend my summer in the winter of Johannesburg in South Africa working with PayJoy, a company focused on technology and…

San Francisco PayJoy has closed $6M of new investment with strategic partners who will help PayJoy phone financing further expand internationally throughout Latin America, Asia, and Africa. The investment was led by Santander InnoVentures, the fintech venture capital fund of Santander Group, and ITOCHU Corporation, one of the largest Japanese…

PayJoy is delighted to announce $18M of new funding to help us bring mobile finance to the next billion. The raise includes an $8.5M Series A equity investment led by Union Square Ventures, $4M of venture debt from Western Technology Investment, and $5.7 M of private lending capital. Following $4M raised in 2015, this brings…

I spent some time late last week chatting with one of our earliest investors, John Dukellis. John is a Senior Director at PayPal and leads their next generation wallet offerings. We are privileged to be one of a few investments he has made, and to have access to his perspective and…

In America it seems like smartphones are ubiquitous. Everywhere you go, people are paying for their coffees, depositing checks, Snapchatting and Instagramming, and scheduling appointments from their phones. In fact, most people, when faced with the choice of choosing to give up their car, their laptop, or their smartphone, would…