" class="no-js "lang="en-US"> Katharine Budd - Fintech Finance
Tuesday, May 30, 2023
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Katharine Budd | Co-Founder NOW Money | Fintech Finance

Katharine Budd

Co-Founder

About Katharine Budd

Katharine Budd is cofounder of NOW Money. After a career as an early-joining data scientist in two explosive payments startups (Nectar Card and Cardlytics) and seeing the inner workings of many banks and credit cards, Katharine found herself in the Gulf in traditional payments – a great place to spot opportunities to do payments better!

After deciding the market size for a bank marketing idea was too small, Katharine and cofounder Ian Dillon uncovered the real issue: only 25% of the Gulf’s people had a bank account!

So how were companies like yours managing payroll for staff without accounts? Badly. With 1990s style, gritty “solutions”, despite 98% of the Gulf’s population having internet access and smartphones (in 2016).

“Unbanked” people in the Gulf send over $50 billion a year overseas. Most are still limited to brick and mortar stores for this. If coronavirus taught us anything, it’s that brick and mortar is over.

NOW Money is Payroll and Banking 2.0. NOW Money is beautiful, easy to use, 24/7 available payroll software for you, and digital accounts equipped with physical Visa card for each of your staff (who can speak to our awesome support team in nine languages). Oh – your staff can send money home from the app, too. No one should have to visit a store for that. It’s 2021.

At NOW Money, we believe everyone deserves an account.
We make money easy for everyone, every day.

Related Story

UAE-based fintech NOW Money secures $7m to expand digital banking solution across the GCC

March 29 2021

NOW Money, the GCC’s first digital banking solution for low-income migrant workers, has secured $7m […]

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