EchoVC Partners
EchoVC Partners, established in 2011, is a venture capital firm headquartered in Lagos, Nigeria. It specializes in seed and early-stage investments, with a focus on technology industries across North America, Africa, and Southeast Asia. The firm is sector-agnostic, but it has a particular interest in internet, smart data, and enterprise technologies. EchoVC Partners invests amounts ranging from $25,000 to several million dollars, depending on the stage of opportunity and capital needs of the business.
PayJoy Inc. is a consumer financing company based in San Francisco, California, founded in 2015. The firm specializes in providing smartphone-enabled financing solutions, primarily targeting underbanked individuals in emerging markets. By leveraging mobile security technology, PayJoy allows customers to select a smartphone, make an initial deposit, and choose a flexible payment plan. The financed smartphone serves as collateral, unlocking its full functionality once the purchase is complete. PayJoy's mission is to enhance access to credit for underserved populations, helping them navigate financial challenges and improve their economic standing. The company has successfully reached over 10 million customers across various countries, including Mexico, Brazil, Colombia, and South Africa, and continues to show solid profitability and growth.
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