PayJoy, founded by Doug Ricket, is transforming credit access in the global south, enabling millions to afford phones and invest in micro-businesses where traditional credit is scarce.

Discover how PayJoy is transforming smartphone financing into a gateway for financial inclusion. In this Mondato Insight feature, CEO Doug Ricket shares insights into PayJoy's device-locking technology, expansion into unsecured credit products, and the mission to build credit identity for the world's unbanked.

San Francisco-based PayJoy, a Public Benefit Corporation, is scaling access to smartphones and credit for underserved populations across Latin America, Africa and Southeast Asia. The company’s $250 million PayJoy Asset Fund has drawn a new commitment from T. Rowe Price, joining a growing cohort of institutional investors backing tech-enabled financial inclusion in the Global South.

In a significant move for the Philippine telecommunications industry, Smart Communications, Inc., the wireless subsidiary of PLDT Inc., has entered a strategic partnership with PayJoy, a US-based Public Benefit Corporation.