Paycode

Paycode is a South Africa-based startup, established in 2014, with a mission to provide biometric identity and access to financial services for the unbanked and underserved. The company's slogan "Giving biometric identity and affordable access to basic financial services to the unbanked and underserved" encapsulates its core vision.

Paycode operates in the Financial Services, Fintech, and Payments industries, offering a secure end-to-end payment gateway that simplifies sending and receiving payments. The startup prides itself on its industry-leading payments solution, leveraging custom-designed technology in security, biometric identification, verification, authentication, fraud prevention, agent banking, offline real-time transacting, know-your-customer (KYC), and digital money.

The most recent significant development for Paycode is its Series A investment at 22 November 2021, with Investment One participating as the investor. This funding is expected to fuel the startup's expansion and innovation efforts, furthering its goal of widening financial inclusion. Paycode is positioning itself at the forefront of providing vital financial services to those who have been traditionally excluded from the formal banking system, potentially unlocking vast untapped markets.