Tunisian fintech company PAYDAY has successfully closed a $3 million Pre-Seed investment round, led by United Gulf Financial Services (UGFS), with participation from other investors including TALYS and Bioprotection.
This funding round marks a significant milestone for PAYDAY, paving the way for local and regional expansion and solidifying its position in ethical digital financial services.
Founded in 2024, PAYDAY is a platform specializing in digitizing salary advance requests and group employee insurance, helping companies reduce financial and administrative burdens while enhancing employee productivity and financial well-being through innovative, interest-free, and credit-free solutions.
Dr. Mohamed Anwar Kadoum, Co-Founder and CEO of PAYDAY, stated:
“The primary goal of PAYDAY is to provide financial protection and improve the economic well-being of low- and middle-income earners through solutions that combine insurance with cooperative finance. We warmly welcome our new capital partners, TALYS, UGFS, and Bioprotection, whose expertise will contribute to strengthening the company’s technological infrastructure and expanding our reach to new segments of businesses and employees.”
