Nigeria · Who invested in PalmPay?
PalmPay's investors include MediaTek and TRANSSION. MediaTek led its latest round.
202020212022202320242025
$40MSeed$100MSeries B
Nigeria · Series B startup
Who invested in PalmPay
Funding summaryUpdated 26 Oct 2026
$140Mraised across 2 rounds since 2019, from 3 sources
$40MSeed$100MSeries B
- Latest round
- Series B, $100MJun 2025
- Led by
- MediaTek
- Step-upi
- 2.5×
- Investors
- 2 (2 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Seed, $40M Nov 2019
- Biggest round
- $100M Series B · Jun 2025
- Between rounds
- 5.6 years from the last two
The rounds
- Jun 2025
- Nov 2019
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Quick answers about PalmPay
How much has PalmPay raised?
PalmPay has raised $140M across 2 rounds since 2019.
When did PalmPay last raise?
PalmPay's most recent round was a Series B of $100M in Jun 2025, led by MediaTek.
What was PalmPay's biggest round?
Its most recent round, $100M in Jun 2025, is also its largest on record.
Who backed PalmPay first?
PalmPay's first round on record, in Nov 2019, was backed by TRANSSION.
What stage is PalmPay at?
PalmPay's latest named round is a Series B, in Jun 2025.
Where is PalmPay based?
PalmPay is based in Nigeria.
Who led PalmPay's rounds?
TRANSSION led the Seed in 2019; MediaTek led the Series B in 2025.
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