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PayJoy

🌎 payjoy.com

PayJoy is a mission-first financial service provider based in San Francisco, California, dedicated to helping under-served customers in emerging markets achieve financial stability. The company offers unique financing solutions that allow individuals to purchase smartphones on credit without needing a credit card or bank account. Utilizing patented technology that turns smartphones into digital collateral, PayJoy employs advanced machine learning and anti-fraud AI to provide low-cost loans and qualify a wide range of customers. As of 2024, PayJoy has provided billions in credit to 12 million customers, focusing on sustainable and profitable growth.

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PayJoy - Latest News and Updates

• PayJoy has acquired Adelantos and is hiring a National Sales Manager in Lima.
• PayJoy has added Oppo to its financing catalog in Mexico to strengthen its market presence.
• PayJoy has raised a total of $445.7 million with notable investors including Citi and Greylock.
• PayJoy has expanded its operations to Shenzhen, added several senior engineering and management roles, and shifted focus in financial roles from risk management to capital markets and credit risk.
• Lucia Villar has joined PayJoy as SVP of Product Management and is hiring for two hybrid roles based in Mexico City, Bogota, or Sao Paolo.

• In 2024, PayJoy generated nearly $450 million in revenue across eight emerging markets in Latin America, Africa, and Southeast Asia, according to Wagner Mendonça, Country Manager at PayJoy.
• PayJoy is currently hiring for the position of Associate Software Engineer - ODM Tester in China.
• PayJoy released a report highlighting that most first-time mobile phone buyers in Colombia are young, with 83% under 44 years old and an average age of 30, according to Alfonso Arango, Country Manager.

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