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VPD Money develops a digital financial services application, offering a customizable banking experience, money management tools, and integrated value-added services. The platform unifies wallet, banking, and AI-powered savings, facilitating instant access and streamlined transactions. Its core offering simplifies financial operations, granting users enhanced control and visibility.
Michael Femi Simeon co-founded VPD Money in 2020. His insight focused on bridging the financial divide between Africa and the global e-commerce market. The company was established with the conviction that financial services should not constrain the potential of businesses and individuals, irrespective of geographical limitations.
VPD Money serves individuals, African and international small to medium-sized enterprises, and the diaspora community engaged in cross-border transactions. The company envisions building a robust financial infrastructure that empowers its diverse clientele, redefining possibilities within digital finance for a simple, efficient, and universally accessible money management future.
VPD.money has raised $50K across 1 funding round.
VPD.money has raised $50K in total across 1 funding round.
VPD.money has raised $50K across 1 funding round. Most recently, it raised $50K Seed in October 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2021 | $50K Seed | — | Expert Dojo, Human Capital, Incisive Ventures, Launchpad Venture Group, Pitbull Ventures, Single FIN Ventures, Alex Beckman, Dale Okuno | Announced |
VPD Money is a pan-African fintech company, operating under VPD Technology Limited, that provides digital banking services branded as "The Bank of You." It unifies wallets, bank accounts, remittances, and AI-powered savings into a single platform, targeting the unbanked and underserved in Africa with features like flexible funding via transfers, cards, and USSD codes, plus POS machine deployments in remote areas.[1][2][3] Serving global customers, SMEs, and the unbanked—with over 50,000 users and 2,548% transaction volume growth in two years—it solves financial exclusion by enabling easy access to banking without physical branches.[1][2]
VPD Technology Limited, originally incorporated as VPD Money Ltd on September 21, 2020, in Newcastle Upon Tyne, UK, evolved its name in March 2021 while focusing on software development for business and domestic use.[4] Co-founder and CEO Michael Simeon, drawing from his prior success with VoguePay—a payment processing company—launched VPD Money ("Virtual Payment Digital") to create a full digital banking experience rather than just payments.[1] The idea emerged from Simeon's passion for financial inclusion in Africa, where traditional banking fails remote communities; early traction includes rapid user growth and partnerships for POS distribution.[1]
VPD Money rides the fintech wave for financial inclusion in Africa, where billions lack banking access amid rising mobile penetration and digital payments demand.[1][2] Timing aligns with post-2020 regulatory shifts enabling non-bank digital services (e.g., avoiding "bank" in naming due to restrictions), plus growing remittance needs and AI personalization trends.[1][3] Market forces like underserved SMEs and remote populations favor its POS and USSD model, positioning it to influence Africa's startup ecosystem by enabling unbanked entrepreneurs and fostering pan-African economic integration.[1][2]
VPD Money's momentum—50,000+ users and explosive transaction growth—signals strong scalability, with international remittances and enhanced AI savings on the horizon to deepen inclusion.[1][2] Trends like AI fintech and tokenized KYC will shape its path, potentially expanding beyond Africa as global remittances boom.[1][3][5] Its influence may evolve from niche inclusion player to regional banking disruptor, empowering "The Bank of You" for millions in underserved markets.[1]
VPD.money has raised $50K in total across 1 funding round.
VPD.money's investors include Expert Dojo, Human Capital, Incisive Ventures, Launchpad Venture Group, Pitbull Ventures, Single Fin Ventures, Alex Beckman, Dale Okuno.
