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Payonix. Neobank expansion
Industry:
Other
Stage:
Brownfield
Location:
Azerbaijan
TBD
US$ million
Investments needed
EBITDA margin Y5
82%
45
US$ million Revenue Y5
thousand users
65
Key Highlights
1
Payonix - currently operates in Azerbaijan, and has expansion plans to other markets
2
Payonix is building the most technological NeoBank in Azerbaijan. The central product is devided into 2 segments:
-Banking products: Salary in Advance, Earn Wage Access, Pay Day Loan
-Lifestyle products: Coupons, Loyalty, Reservation
3
- Strategic partnership with MasterCard
- License from Central Bank
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