TA Telecom spins off fintech startup NowPay after it secures USD 600k seed funding

STARTUP WATCH- TA Telecom has spun off Egyptian fintech startup NowPay after it raised USD 600k in seed funding from Silicon Valley’s Endure Capital and 500 Startups, TA Telecom said in a press release (pdf). The startup seeks to improve the financial security of corporate employees in emerging markets by helping them access their salaries in advance at any time in the month. NowPay was founded earlier this year.