10 Million Individuals in Emerging Markets Have Entered the Financial System Through PayJoy
SAN FRANCISCO, March 8, 2024 /PRNewswire-PRWeb/ -- PayJoy, the leading lender to the underserved in emerging markets, today announces it has helped 10 million customers enter the modern financial system, build credit, achieve economic freedom, and access digital connectivity since launching in 2015. PayJoy reaches this milestone less than a year after becoming a Public Benefit Corporation dedicated to responsible financing, with a sharp focus on ensuring a positive impact on its customers' financial well-being.
- "Every day, people around the world look to PayJoy as their entry point to credit.
- Customers know they can expect absolute transparency from us with clear terms, competitive pricing, and no debt traps," said Doug Ricket, Founder & CEO at PayJoy.
- "Our proprietary smartphone technology and machine-learning based underwriting has given 10 million people access to affordable credit.
- Additionally, PayJoy audits its pricing annually to ensure lower prices and better terms than competitors, while generating enough profit to grow sustainably.