PayJoy created by RPCV Doug Ricket (Gambia)
RPCVs in the news How PayJoy built a $300M business by letting the underserved use their smartphones as collateral for loans TechCrunch Mary Ann Azevedo Thu, April 11, 2024 at 7:34 AM PDT Lerato Motloung is a hardworking mother of two who is employed in a supermarket in Johannesburg, South Africa. But in February 2024, she found herself without a mobile phone after it was stolen and she could not afford to buy a new one. For nine months, Motloung had to go without the convenience and connectivity of a smartphone Then, a sign caught her eye – a sign about PayJoy, a startup that offers loans to the underserved in emerging markets. With the help of PayJoy, Motloung was able to purchase her first smartphone, becoming one of the millions of customers that the San Francisco-based company has helped since its inception in 2015. “She was its 10 millionth . . .
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