<ul><li>African digital bank fintech, PalmPay, is in talks to raise between $50 million and $100 million in a Series B round for further expansion.</li><li>PalmPay, launched in 2019, is now profitable, with $140 million raised across seed and Series A rounds, aiming to deepen its footprint in Nigeria and introduce its offerings in new markets.</li><li>PalmPay has reported significant growth, hitting 15 million daily transactions with revenue surging to $64 million in 2023, more than doubling since then.</li><li>The company's partnership with Transsion, a leading phone maker in Africa, and investors like GIC and Mediatek, contribute to its widespread adoption and plans for international expansion.</li></ul>

Profitable African fintech PalmPay is in talks to raise as much as $100M

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