{"id":601855,"date":"2019-03-12T03:54:14","date_gmt":"2019-03-12T03:54:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/"},"modified":"2019-03-12T03:54:14","modified_gmt":"2019-03-12T03:54:14","slug":"dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/","title":{"rendered":"Dutch development bank invests EUR 1 mn in Egypt-based payroll platform dopay"},"content":{"rendered":"<p><b>INVESTMENT WATCH- Dutch development bank FMO announced yesterday it has invested EUR 1 mn in <\/b><a href=\"https:\/\/www.dopay.com\/en\"><b>Dopay<\/b><\/a>, a digital payroll and payments platform through which companies can pay their unbanked employees\u2019 salaries, according to an emailed statement. Egypt is Dopay\u2019s first operating market. \u201cThrough this investment, FMO supports dopay to scale up their payments and banking services in Egypt, thereby improving financial inclusion and creating more decent workplaces,\u201d the statement reads. The convertible note was provided by the FMO-managed Massif fund, which invests in low-income countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Dutch development bank FMO announced yesterday it has invested EUR 1 mn in Dopay, a digital payroll and payments platform through which companies can pay their unbanked employees\u2019 salaries, according to an emailed statement. Egypt is Dopay\u2019s first operating market. \u201cThrough this investment, FMO supports dopay to scale up their payments and banking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":601856,"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":[155,72,290,761,125,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-digitization","tag-enterpriseam","tag-financial-inclusion","tag-fmo","tag-investment-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"af369d40-40d5-473a-91b4-8d0ed209a204","is_powered_by":true,"section_story_id":"4cba9f5b-8938-4c3c-ac53-8d9b8bdc8d6a","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/3\/831.jpg","photo_position":"above","related_issue":[601845],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dutch development bank invests EUR 1 mn in Egypt-based payroll platform dopay - 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\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dutch development bank invests EUR 1 mn in Egypt-based payroll platform dopay\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Dutch development bank FMO announced yesterday it has invested EUR 1 mn in Dopay, a digital payroll and payments platform through which companies can pay their unbanked employees\u2019 salaries, according to an emailed statement. Egypt is Dopay\u2019s first operating market. \u201cThrough this investment, FMO supports dopay to scale up their payments and banking [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-12T03:54:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/831.jpg?fit=%2C&ssl=1\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dutch development bank invests EUR 1 mn in Egypt-based payroll platform dopay\",\"datePublished\":\"2019-03-12T03:54:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/831.jpg?fit=%2C&ssl=1\",\"keywords\":[\"digitization\",\"EnterpriseAM\",\"financial inclusion\",\"FMO\",\"investment watch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/dutch-development-bank-invests-eur-1-mn-in-egypt-based-payroll-platform-dopay\/\",\"name\":\"Dutch development bank invests EUR 1 mn in Egypt-based payroll platform dopay - 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The license enables Dopay to offer corporate banking services via its digital payroll\u2026","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/135.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557384,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/16\/fintech-startup-dopay-raises-usd-18-mn-in-series-a-round\/","url_meta":{"origin":601855,"position":1},"title":"Fintech startup Dopay raises USD 18 mn in series A round","author":"enterpriseam admin","date":"16 September 2021","format":false,"excerpt":"Egypt-based fintech startup Dopay has secured USD 18 mn in funding in a series A round led by UK VC firm Force Over Mass Capital, Dutch development bank FMO and NN Group, the company said in a statement yesterday. African investor Mbuyu Capital and Nordic fund Alder Tree Investments also\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/226.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547992,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/21\/fmo-commits-usd-10-mln-to-algebras-second-tech-fund\/","url_meta":{"origin":601855,"position":2},"title":"FMO commits USD 10 mln to Algebra\u2019s second tech fund","author":"enterpriseam admin","date":"21 July 2022","format":false,"excerpt":"Dutch development bank FMO has pledged USD 10 mn to Algebra Ventures\u2019 second tech fund, the bank and our friends at Algebra said in separate statements (here and here, pdf). The money is coming from FMO\u2019s EUR 200 mn investment program, which is co-financed by the Dutch foreign ministry and\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/222.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639214,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/ebrd-gcf-fmo-extend-usd-87-mn-loan-to-solar-power-projects-in-egypt\/","url_meta":{"origin":601855,"position":3},"title":"EBRD, GCF, FMO extend USD 87 mn loan to solar power projects in Egypt","author":"enterpriseam admin","date":"24 October 2017","format":false,"excerpt":"And speaking of investment in solar power: The EBRD has partnered with Green Climate Fund (GCF) and Dutch Development Bank FMO to extend a USD 87 mn syndicated facility to Egypt\u2019s Infinity Solar and Germany\u2019s IB Vogt GmbH to fund two solar power plants, a press release says. The two\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573600,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/egyptian-fintech-firm-paymob-raises-usd-3-5-mn-investment\/","url_meta":{"origin":601855,"position":4},"title":"Egyptian fintech firm Paymob raises USD 3.5 mn investment","author":"enterpriseam admin","date":"11 August 2020","format":false,"excerpt":"STARTUP WATCH- Local fintech startup Paymob has raised USD 3.5 mn in an investment round led by Global Ventures and the Dutch Entrepreneurial Development Bank (FMO), according to an emailed statement (pdf). VC tech fund A15 also contributed to the round with a follow-on investment. The payments firm plans to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633773,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/21\/local-fintech-player-dopay-secures-usd-13-5-mn-in-a-series-a-extension-round\/","url_meta":{"origin":601855,"position":5},"title":"Local fintech player Dopay secures USD 13.5 mn in a series A extension round","author":"enterpriseam admin","date":"21 July 2024","format":false,"excerpt":"The company will use the funds to accelerate its expansion plans","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1522.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=601855"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601855\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/601856"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601855"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601855"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}