PayJoy

PayJoy was established in 2015 with a mission to provide financial inclusion to the underserved market. Headquartered in San Francisco, California, PayJoy focuses on offering smartphone financing solutions primarily in emerging markets. By leveraging mobile technology, PayJoy enables consumers to purchase smartphones on a pay-as-you-go basis, unlocking socio-economic opportunities for users who might not have access to traditional credit systems.

PayJoy's innovative approach to consumer finance is transforming the way people in developing regions access modern technology. The company's unique Lock technology allows users to access their devices while ensuring timely payment, thus minimising risks for both consumers and partners. This model not only supports smartphone sales but also opens a pathway for users to build a credit history, fostering long-term financial growth.

Led by CEO Doug Ricket, PayJoy has expanded its reach to multiple countries, partnering with retailers and financial institutions. The company's commitment to financial inclusion and technological innovation has made a significant impact in the field of consumer finance, allowing more individuals to participate in the digital economy. With a growing team of 1,200 employees, PayJoy continues to push the boundaries of mobile-based financial solutions.