PayAngel, a cross-border payment and remittance platform, has earned a spot in the TechStars New York City accelerator programme powered by J.P. Morgan.
PayAngel’s journey into TechStars NY is a testament to its dedication and the company’s commitment in revolutionising cross-border payments and remittances. Among thousands of applicants, their vision for a more inclusive and efficient platform for seamless, timely, customer-centric and cost-effective bill payments in Africa shone brilliantly, earning them a spot.
According to Jones Amegbor, PayAngel’s CEO: “PayAngel is not just a Fintech company; it’s a catalyst for change in the way we think about payments and remittances. Our groundbreaking Direct to Merchant Remittances (D2MR) solution is a game-changer, transforming bill payments across Africa. By harnessing the power of seamless yet robust technology, PayAngel is providing businesses and individuals with secure, direct and timely bill payment solutions”.
The acceptance of PayAngel into TechStars NY has thrust this company and its CEO into the global spotlight. The world-renowned TechStars programme, backed by J.P. Morgan, brings with it a wealth of opportunities. It is an acknowledgment of PayAngel’s commitment to innovation, excellence and positive change in the Fintech sector. This accomplishment not only affirms their mission, but also paves the way for attracting potential investors, partners and customers.
The CEO revealed: “We are particularly excited about this programme because it offers us access to vital financial, human and intellectual capital. This opportunity is not just about growth for us at PayAngel, but it also serves as a launchpad for our success as a remittance company.
“I can categorically attest to the fact that for us at PayAngel, we are building a trusted network of beneficiaries who are seeking to support their families and businesses. Hence, it is about bridging the gap between migrants and their families and by so doing, PayAngel empowers them to send money with ease and without any third-party involvement,” he stated.
TechStars is a global start-up accelerator and investment company that fosters growth, provides access to a vast network of mentors and experts, offers investment opportunities, and a platform through Demo Day events for start-ups to pitch their ideas to potential investors.
On the other hand, J.P. Morgan – a multinational financial services and banking institution – offers a wide spectrum of financial services, a robust banking infrastructure, and career opportunities. Being associated with J.P. Morgan opens doors to community involvement and philanthropic activities.
