PayJoy

We are proud to announce that our VP and country Manager for Mexico, Priscila Barrantes has been named among The Financial Technology Report's top 50 women leaders in financial technology for 2024. This recognition comes at a time when financial inclusion efforts are making tangible differences in people's lives. A recent PayJoy study in Mexico demonstrates how smartphone financing creates economic opportunities for working mothers, with 92% reporting that smartphone access enables their employment while balancing household responsibilities. "Smartphones are more than devices—they're gateways to financial inclusion for Mexico's working mothers," notes Pri. "From managing customer relationships to accessing mobile payments and gig platforms, smartphones are transforming how women participate in the economy." This achievement underscores PayJoy's focus on providing financial solutions that make meaningful impacts in local communities, particularly for those traditionally underserved by conventional banking systems. Read more: https://lnkd.in/g3uQHSFT #PayJoy #ResponsibleLending #FinancialInclusion #WomenInFintech

This #InternationalWomensDay, let’s celebrate moms like Marta—resilient, resourceful, and building a brighter financial future Meet Marta Cecilia Rodríguez Rodríguez, a 41-year-old single mom, powerhouse, savvy micro-entrepreneur, and testament to the power of opportunity. No credit history? No problem. With PayJoy, she walked out with a brand-new smartphone in just 30 minutes. But this was more than just a device—it was a digital doorway to dreams. With her new phone, she leveraged social media to double her sales and secure a brighter future for her two children.  Our recent research on Mexican working mothers reveals: 65% of working mothers in Mexico operate in the informal economy 55% experience income growth after smartphone access 90% say smartphone financing boosts financial security Know a working mom who inspires you? Share her story below! Explore our full findings: https://lnkd.in/gyifsVGJ #AccelerateAction #IWD2025 #WomenOnTheRise

We’re proud to share that our CEO, Doug Ricket, was recognized as one of the Top 50 Financial Technology CEOs of 2024 by The Financial Technology Report. As an awardee, Doug was also spotlighted in the article: “Among this year’s awardees, Doug Ricket stands out for his pioneering work in providing access to credit in emerging markets, leveraging mobile security technology to make smartphones affordable through innovative financing solutions.” Congratulations to Doug and all the other outstanding leaders featured in this year’s list! Read the full article here: https://lnkd.in/gDMYpZzA #PayJoy #ResponsibleLending #FinancialInclusion #TechForGood

Our CFO, Bill Yialamas and Head of IR, Weili Dong will be attending Fintech Meetup next week. If you would like to connect, feel free to reach out.

“Smartphones play a transformative role in the lives of working mothers in Mexico, offering them both economic mobility and a pathway to financial inclusion.” We are excited to find our latest research on PayJoy’s impact on Mexico’s Working Mother Micro-Entrepreneurs highlighted in Mexico Business News. Our mission is to finance the next billion, many of whom are working mothers. Our research found that of the mothers surveyed, 73% consider their smartphones extremely important in their lives. For many of our customers, smartphone financing serves as the initial entry point into the financial system, opening an opportunity for future financial products such as loans, credit lines, and credit cards. Thank you, Sofía Garduño Sánchez and Mexico Business News, for sharing our findings and mission. Read more about how smartphone financing is unlocking economic opportunities and access for working mothers in Mexico: https://lnkd.in/gvT_rur5

Did you know that 👩👧👦1 in 3 PayJoy customers in Mexico are working mothers, and ⚖️50% of these working mothers live near or below the poverty line? Behind these figures are remarkable stories of resilience and determination. For many women in Mexico, smartphones are not merely tools for communication—they are essential enablers of economic opportunity. These devices allow working mothers to participate in the informal economy, manage multiple income streams, and support their families while balancing caregiving and household responsibilities. At PayJoy, we are committed to advancing financial inclusion by providing access to credit that empowers women to achieve economic mobility and build brighter futures. Discover more about the transformative role of smartphones in fostering inclusive credit access for women in Mexico by reading our latest industry insight report: 👉 https://lnkd.in/gyifsVGJ

Last week, The Fintech Times spotlighted how 'fintech for good' companies can help customers develop healthy financial habits. Leading the charge for positive social impact, our President of Financial Products, Brad Pennington, shared, "A true 'fintech for good' requires a clear definition of what doing good means." Brad said it best: "If you don’t know what doing good means, you can’t do good. If doing good doesn’t cause you to make different decisions, then are you really doing good?" At PayJoy, our mission is Finance for the next billion. Every day, we connect people to new pathways that unlock digital connectivity and open doors to participation in the modern financial system. Read more here: https://lnkd.in/dSJN-Ku3 #PayJoy #FinancialInclusion #FinTechForGood #FintechTimes

In emerging markets where traditional credit often feels out of reach, tech solutions are changing the game. In Forbes' latest article, Boaz Sobrado spoke with our founder Doug Ricket and shared, “For the billions of people still lacking access to formal financial services, these innovations represent more than just credit - they're a pathway to economic opportunity. As traditional financial institutions struggle to serve these markets, technology-enabled lending might finally bridge the gap between informal and formal financial systems.” We are committed to meeting our customers where they are, even with no formal credit history. And from our initial founding in 2015, we are only continuing to grow — now approaching $450 million in annual revenue! “As smartphone penetration continues to grow in emerging markets, this trend appears poised to accelerate.” Read more here: https://lnkd.in/gNDHutWf #PayJoy #FinancialInclusion #TechForGood #Forbes #EmergingMarkets

Check out the latest On the Margin podcast with our founder, Doug Ricket! Thank you to Boaz Sobrado for the great conversation on Doug’s early journey to build PayJoy and how it all began. From inception to innovation — the conversation sheds light on how PayJoy’s smartphone technology has evolved into a solution now serving 13 million across Latin America, South Africa, and the Philippines. “That was the inspiration for PayJoy, could we bring this pay-as-you-go concept to all electronic devices for the entire Global South where there is not a finance industry built out?” Tune in for the full episode here: https://lnkd.in/gH8NyxBN #PayJoy #ResponsibleLending #FinancialInclusion #TechForGood

Looking back on another year of impact, we are pleased to share the key milestones we achieved this year: ->30% Customer Growth, expanding access to financial tools to 13 million customers via our innovative “Device-as-Collateral” financing model. ->50% New-to-Credit Customers, providing the opportunity for our customers to access credit for the first time, a significant increase from the previous year’s 40%. ->6% Income Increase, UC Berkeley researchers highlight a 6% average income increase for PayJoy customers. “PayJoy makes credit available to the majority of the population in emerging markets, who are currently excluded from the financial system with no on-ramp to start building credit,” emphasizes our CEO, Doug Ricket. To our customers, team, and partners, thank you for helping us to bring more meaningful, positive financial results to millions of customers. Thank you for helping us continue our mission to finance the next billion. To learn more about PayJoy’s impacts, read our research findings in our latest report: https://lnkd.in/gy56JNZy