Dapio provides a 'Tap to Pay' mobile app that turns the back of any Android smartphone into a direct card-reading terminal for businesses. Founded in 2019 by Kosta Du and Grigory Gurbanov, the company targets micro-businesses and solopreneurs who face barriers buying point-of-sale hardware. Its app, due to launch this spring, aims to let merchants accept contactless payments by tapping a card or phone to an Android device. Dapio says up to 20 merchants are currently testing the product and that more than 3,500 merchants will be onboarded once it goes live with secured partnerships. Current partners include ZmBIZI and Payment Plus, and the company has worked with financial institutions to obtain licenses to operate the mobile payment app. Dapio plans to embed its payment-acceptance feature into existing fintech, POS vendor, bank and telco applications to reach a broader business customer base.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2022