Company

PayJoy, Inc.

PayJoy provides installment financing that lets low-income customers, mainly in Latin America, buy smartphones.

About

Customers pay for devices in monthly installments, and the device locks if payments are missed. Founded in 2015 and based in San Francisco, US, the company was founded by Doug Ricket and Gib Lopez and is currently valued at USD 587.21 mn. In December 2025 PayJoy raised USD 140 million in venture debt from Neuberger Berman to support smartphone financing operations. The recorded stage is Series C.

8Funding rounds

16Investors

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