O’Melveny Advises Earnipay in Series Seed Preferred Financing

FOR IMMEDIATE RELEASE

SILICON VALLEY—February 17, 2022—O’Melveny represented Earnipay, a fintech company that provides flexible and on-demand salary access to income-earners in Africa, in a US$4 million Series Seed Preferred Financing led by early-stage venture capital firm Canaan.

The transaction was announced on February 17.

Additional investors include XYZ Ventures, Village Global, Musha Ventures, Voltron Capital, and Ventures Platform.

Headquartered in Nigeria, Earnipay promotes the financial health and wellbeing of employees in Africa by providing them with financial tools to make better financial decisions and achieve financial freedom.

The O’Melveny team advising Earnipay was led by M&A partners Brian Covotta and Warren T. Lazarow.

About O’Melveny

It’s more than what you do: it’s how you do it. Across sectors and borders, in board rooms and courtrooms, we measure our success by yours. And in our interactions, we commit to making your O’Melveny experience as satisfying as the outcomes we help you achieve. Our greatest accomplishment is ensuring that you never have to choose between premier lawyering and exceptional service. So, tell us. What do you want to achieve? Visit us at www.omm.com or learn more in our firm at-a-glance, annual report, and on LinkedIn, Twitter, Facebook, Instagram, and YouTube. Visit The Boardroom for our insights on pressing issues facing global corporations.

Contact:

# # #