{"id":575289,"date":"2020-10-11T04:12:36","date_gmt":"2020-10-11T04:12:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/"},"modified":"2020-10-11T04:12:36","modified_gmt":"2020-10-11T04:12:36","slug":"payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/","title":{"rendered":"Payroll management startup NowPay raises USD 2.1 mn in seed funding"},"content":{"rendered":"

<\/a> STARTUP WATCH- Payroll management startup <\/strong>NowPay<\/a><\/strong> has raised USD 2.1 mn in<\/strong> seed funding<\/strong> from a group of Egyptian, US, UAE and Chinese investors led by Foundation Ventures<\/a> and Endure Capital<\/a>, according to a company statement (pdf)<\/a>. BECOCapital, 500 Startups, Plug and Play, 4dx Ventures, MSA Capital, EFG-EV Fintech, and Ebtikar also participated in the round. The funding will be used to enhance the company\u2019s platform, grow its team and \u201cestablish its footprint in the MENA region and beyond.\u201d NowPay, founded in 2019 to help employees manage their finances and organize advanced salary payments, last year raised USD 600k<\/a> in a seed funding round led by Endure Capital and 500 Startups. The company now manages salaries \u201cin excess of USD 100 mn with a 60% month-over-month growth rate,\u201d according to co-founder and CEO Mostafa Ashour.<\/p>\n","protected":false},"excerpt":{"rendered":"

STARTUP WATCH- Payroll management startup NowPay has raised USD 2.1 mn in seed funding from a group of Egyptian, US, UAE and Chinese investors led by Foundation Ventures and Endure Capital, according to a company statement (pdf). BECOCapital, 500 Startups, Plug and Play, 4dx Ventures, MSA Capital, EFG-EV Fintech, and Ebtikar also participated in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[889,4184,138,764,72,183,3733,1812,9854,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575289","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-4dx-ventures","tag-500-startups","tag-ebtikar","tag-endure-capital","tag-enterpriseam","tag-fintech","tag-foundation-ventures","tag-nowpay","tag-plug-and-play","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e57cb46f-6c9b-4169-b11b-ffff93656387","is_powered_by":true,"section_story_id":"f3b6ca2c-4abd-438e-90bc-691dfe2bea84","story_type":"1","photo_url":"","photo_position":"above","related_issue":[575271],"teaser":"","voice_url":""},"yoast_head":"\nPayroll management startup NowPay raises USD 2.1 mn in seed funding - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payroll management startup NowPay raises USD 2.1 mn in seed funding\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- Payroll management startup NowPay has raised USD 2.1 mn in seed funding from a group of Egyptian, US, UAE and Chinese investors led by Foundation Ventures and Endure Capital, according to a company statement (pdf). BECOCapital, 500 Startups, Plug and Play, 4dx Ventures, MSA Capital, EFG-EV Fintech, and Ebtikar also participated in the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-11T04:12:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Payroll management startup NowPay raises USD 2.1 mn in seed funding\",\"datePublished\":\"2020-10-11T04:12:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/\"},\"wordCount\":140,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"4dx Ventures\",\"500 Startups\",\"Ebtikar\",\"Endure Capital\",\"EnterpriseAM\",\"Fintech\",\"Foundation Ventures\",\"NowPay\",\"Plug and Play\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/\",\"name\":\"Payroll management startup NowPay raises USD 2.1 mn in seed funding - 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