PayJoy, a US fintech enabling customers in emerging markets to purchase smartphones on installment plans, has secured a $140 million corporate debt facility from Neuberger Berman to accelerate its geographic expansion and broaden its product suite. The company plans to use the capital to scale its smartphone installment financing, deepen point-of-sale lending, and grow its PayJoy Card offering, which has gained traction in Mexico. Serving 17 million users and projecting $650 million in revenue and $110 million in profit for 2025, PayJoy continues to strengthen its position as a key credit access provider across Latin America, Africa, and Asia.

PayJoy Secures $140m Neuberger Debt Facility