International law firm Bird & Bird has advised Dopay on its $13.5 million Series A Extension round led by Argentem Creek Partners with participation from existing investors. This funding round tops up a previous $18 million Series A funding round.
Dopay is a rapidly growing fintech company that provides a digital payroll and payments platform, primarily serving unbanked and underbanked workers in emerging markets. Their mission is to transform cash-based economies by digitising payments, providing financial inclusion for millions of workers, and offering a range of new financial services.
Argentem Creek Partners LP, based in New York, is an investment firm specialising in emerging markets. They invest in both private and public assets using various strategies and aim to deliver value for investors, partners, and local communities.
The Bird & Bird team consisted of partner Simon Fielder, senior associate Will Holder and associates Anna Mikhalkovich, Kimberly Tan, and Saoirse McGrath
Simon Fielder, lead partner on the transaction commented: “Delighted to have assisted Dopay on this Series A Extension round. This investment will go a long way to aid Dopay’s ambition of transforming cash-based economies and providing financial inclusion to excluded workers. This transaction also exemplifies Bird & Bird’s strength in the FinTech sector, particularly with high growth firms making their way through the VC lifecycle.”
