3 years ago

Dapio Secures $3.4 Million to Launch Android-Based Tap to Pay Service

  • Dapio, a cashless payment solutions provider, has raised $3.4 million (£2.6 million) to launch its Android-based tap to pay service in the UK and Europe

  • The funding round was co-led by African fintech unicorn Flutterwave and US seed accelerator Techstars

  • Dapio aims to provide an affordable and accessible payment solution for smaller businesses by transforming the back of Android smartphones into contactless card reading terminals

  • The company plans to integrate its payment acceptance feature into existing applications of fintechs, POS vendors, banks, and telcos.

      • ProblemFinancial Services

      "Small businesses in the UK struggle to accept card payments due to the high cost and difficulty of obtaining traditional card payment terminals."

      Solution

      "Dapio transforms the back of Android smartphones into contactless card readers, making it easier and more affordable for small businesses to accept card payments."

      Covered on