PayJoy

Thank you Kajol Char for a great conversation with our founder Doug Ricket!  We are always eager to share our story as the leading financial platform for the underserved in emerging markets. #PayJoy #PJAF #ResponsibleLending #FinancialInclusion #TechForGood #WhartonFintech

We have yet another exciting awards announcement to share! PayJoy was selected as a finalist for the M360 LATAM Award - recognizing the critical role that organizations play in promoting “connectivity for good”. As a Public Benefit Corporation dedicated to responsible lending, we are committed to the best-in-class treatment of our customers and continue to innovate and grow to best serve their needs. A big thank you to each and every PayJoyers for your hard work! Congratulations to the other nominees for helping drive positive change in the world! #PayJoy #M360 #ResponsibleLending #LATAM

We are pleased to announce that the PayJoy Asset Fund (PJAF) has surpassed $130 million in assets under management, and welcomed our first institutional investors with a $25M investment! PJAF allows qualified investors to invest in PayJoy originated loans. Through this unique channel, investors can earn attractive, uncorrelated returns while helping underserved customers in emerging markets.  Since its inception, PJAF has received strong demand from the investor community, enabling the fund to achieve 300%+ YoY growth in AUM driven by capital inflow. Thank you to all our investors and the PJAF team, Sumeet Wadhera, Bill Yialamas, Camila Perez Aloi, and Brad Pennington, for your continued support and dedication to financing the next billion! #PayJoy #PJAF #ResponsibleLending #FinancialInclusion #TechForGood Read more at https://bit.ly/3VuxNmH

We are excited to announce that our Founder & CEO, Doug Ricket, has been selected as a finalist for FinTech Futures’ Tech Leadership - Bank/Financial Institution Award! This recognition not only underscores Doug's exceptional leadership but also the dedication and hard work of our entire PayJoy team in driving forward the future of financial inclusion and digital connectivity. Thank you to FinTech Futures for this recognition, and congratulations to all the other finalists! #PayJoy #BankingTechAwardsUSA #FinTechFutures #Leadership #ResponsibleLending

May 23rd marks Customer Day at PayJoy; a day to celebrate our very first customer, Javier, and reaffirm our commitment to our mission: to empower the next billion customers to access the modern financial system and improve their lives! We first met Javier in 2015 when he approached a PayJoy partner store to purchase a phone. Back then, he lacked a credit score, and the absence of a smartphone hindered his job search. Thankfully, our product was designed with individuals like Javier in mind, and we were able to provide him with his first smartphone, marking the beginning of a transformative journey for him, and for us. Since that pivotal day nine years ago, PayJoy has proudly served over 10 million customers. Customers like: - Paula in Brazil, who uses her PayJoy phone to run her small business, selling second-hand clothes through her own TikTok channel. - Theodore in South Africa, who utilized PayJoy to purchase four phones for himself and his family, steadily building his credit score to the point where he could finance the acquisition of a reliable car. - Guadalupe in Mexico, who leverages PayJoy's revolving Credit Line to finance her street-food stall. Despite previous apprehensions about other lenders' punitive late fees, she trusted PayJoy after her first positive experience with us. These individual anecdotes are both inspiring and indicative of broader trends reflected in our data: - 40% of our customers are new to credit. - 37% have purchased their first-ever smartphone. - 75% report an improvement in their financial well-being. - 6% equivalent boost to their annual income, on average. https://lnkd.in/gxagzQTy https://lnkd.in/gQ7vMJ2F We are committed to expanding our reach to benefit even more customers. Our recent expansion into the Philippines, alongside robust growth in existing markets, particularly in Brazil, underscore our dedication to this mission. Furthermore, we continue to enhance our product offerings, introducing features such as a flexible credit line and the PayJoy Card, providing more options to meet unexpected needs and opportunities. On this special day, we are deeply grateful for the opportunity to serve our customers. We extend our heartfelt appreciation to the incredible people working at PayJoy, whose dedication makes it all possible, as well as to our retail, OEM, and investor partners, whose support has been instrumental in our journey. Thank you for being a part of the PayJoy team!

We are proud to announce that the PayJoy Card has been selected as a finalist in Fast Company’s World Changing Ideas Award in the Finance category! Since our founding in 2015, we have been helping the underserved kickstart their credit journey, gain economic freedom and digital connectivity by turning smartphones into collateral for lending. And now with the PayJoy Card, we have taken the next step to help our customers benefit by being able to carry plastic instead of cash and shop online, with access to their cash and credit whenever and where ever they need it. Thank you to all our investors, retail partners and smartphone OEM partners for their continued support of our mission to make credit universally accessible! #PayJoy #FCWorldChangingIdeas #financialinclusion #techforgood #responsiblelending 

We are proud to announce that the PayJoy Card has been selected as a finalist in Fast Company’s World Changing Ideas Award in the Finance category! Since our founding in 2015, we have been helping the underserved kickstart their credit journey, gain economic freedom and digital connectivity by turning smartphones into collateral for lending. And now with the PayJoy Card, we have taken the next step to help our customers benefit by being able to carry plastic instead of cash and shop online, with access to their cash and credit whenever and where ever they need it. Thank you to all our investors, retail partners and smartphone OEM partners for their continued support of our mission to make credit universally accessible! #PayJoy #FCWorldChangingIdeas #financialinclusion #techforgood #responsiblelending 

PayJoy has been carbon neutral since 2022 by funding carbon offset projects in countries where we operate.  For 2024, we are delighted to announce we are funding a forest protection project in Cujubim, Brazil through ClimatePartner. A big thank you to all PayJoy volunteers. #Sustainability #RenewableEnergy #CarbonNeutrality See more project detail: https://lnkd.in/gjM6saAD

PayJoy has been carbon neutral since 2022 by funding carbon offset projects in countries where we operate.  For 2024, we are delighted to announce we are funding a forest protection project in Cujubim, Brazil through ClimatePartner. A big thank you to all PayJoy volunteers. #Sustainability #RenewableEnergy #CarbonNeutrality See more project detail: https://lnkd.in/gjM6saAD

At PayJoy, we are on a mission to provide a fair and responsible entry point for individuals in emerging markets to enter the modern financial system, build credit, achieve economic freedom, and access digital connectivity. Big thanks to @MaryAnnAzevedo from TechCrunch for capturing PayJoy's vision and how we operate at the intersection of doing good and making money. We're committed to meeting our customers where they are —  even with no bank account or formal credit history – because everyone deserves access to financial services. Join us as we finance the next billion! #PayJoy #FinancialInclusion #TechForGood Read more here: https://bit.ly/43YBeWO