Tunisian fintech PayDay Takaful has raised $3 million in its first pre-seed round to transform how workers access finance digitally. The funding, led by UGFS NA : United Gulf Financial Services-North Africa with TALYS Group and Bioprotection S.A, will help the startup provide digital loans and micro-insurance to low- and mid-income employees across Tunisia and the region. The round represents a major milestone towards the company’s plans for expansion throughout Tunisia and greater North Africa. PAYDAY was launched in 2024 by Mohamed Anouar Gadhoum, PHD, CSAA, CIIFP and Shaher Abbas. It brings together banks, insurers, and employers to provide financial products for medium- and lower-income wage earners. Its salary-backed loans and micro-Takaful insurance package strengthen staff financially while boosting productivity. https://lnkd.in/dUGHYHqW
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