PayJoy, a fast-growing credit provider serving emerging markets, has secured a major boost to its global expansion plans with a new $140 million corporate debt facility from funds managed by Neuberger. The financing marks another key milestone in the long-standing relationship between the two companies, which began in 2022 through Neuberger’s Specialty Finance division.
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The new capital will enable PayJoy to scale its reach across Latin America, Africa, and Asia, while continuing to build out its point-of-sale financing and credit card offerings. It also reinforces the company’s mission to bring responsible credit access to millions of underbanked consumers through its technology-driven lending model.
PayJoy CEO and Co-Founder Doug Ricket said the facility reflects strong confidence in the company’s performance and long-term vision. He emphasized that the added flexibility will help PayJoy expand its lending footprint while maintaining responsible credit standards.
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Sumeet Wadhera, Head of Capital at PayJoy, echoed the sentiment, noting that the financing strengthens the company’s balance sheet and supports rapid innovation across its product lines.
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Neuberger’s Managing Director, Zhengyuan Lu, highlighted why the firm increased its commitment, pointing to PayJoy’s proven track record and mission-aligned approach to inclusive finance. The continued partnership underscores both companies’ dedication to expanding credit access in regions that need it most.
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