Happy Pay, SA fintech, raises $1.8M to reduce the cost of consumer credit to zero
Happy Pay raises $1.8 million pre-seed round and secures inaugural debt facility as it accelerates its mission of bringing the cost of consumer credit to zero for South Africans.
Happy Pay, South Africa’s only independent BNPL (Buy Now, Pay Later) provider, now with 150,000 active users, announced today that it has raised $1.8 million in pre-seed funding. The funding round was led by a group of prominent South African venture capital investors, including co-lead investors E4E Africa and 4Di Capital, with participation from DotExe Ventures, Launch Africa, Equitable Ventures, Felix Strategic Investment, U.S.-based Gaingels, and local angels. In addition, Fin Africa (formerly Finclusion Group) is providing Happy Pay’s debt facility.
Happy Pay’s forward-compliant BNPL platform, designed to m...