Payday, a Pan-African Fintech startup that enables Africans to send and receive money globally in minutes was launched last year, 2021 by Favour Ori and secured over $2 million in funding from several investors including LoftyInc, Microtraction, Magic Fund, Ventures Platform, Voltron Capital, CcHub Syndicate, Helicarrier Inc, just to mention a few.
The 25-year-old software engineer and serial entrepreneur has always been passionate about empowering Africa and leveraging technology for growth. His IBM Canada-backed mentorship program, FavCode54 was launched in 2018, with the single mission of empowering Africans to launch their tech careers. With the help and support of people like Leon Katsnelson, Director & CTO IBM Canada; Antonio Cangiano, Engineering Manager, IBM Canada, and resources provided by the multinational corporation that enabled FavCoders learn and deploy real-world cloud products; FavCode successfully trained over 11,000 Africans globally, many of whom have gained employment at global startups or launched their independent tech ventures.
In October 2021, Payday got accepted into Techstars accelerator, a prestigious operational investment company that assists founders and early-stage entrepreneurs scale their vision into a thriving business, beginning with the demo day, which occurs at the end of the program, where selected startups will be able to pitch to a carefully curated group of investors.
His College Situation project, launched in 2020 to connect African students to funding opportunities and fellowship programs in countries like Canada, United Kingdom and the United States was sold to ABiTNetwork.
Favour Ori is contributing to fintech in Africa and to him, it is just a start of greatness.