We're building technology to help people carve a path into the financial system," Mark Heynen, the company's co-founder and chief business officer, said in an interview. Globally, 1.7 billion adults do not have a bank account, but two-thirds of them own a mobile phone which could help them access financial services, the World Bank said in a 2018 report.

https://www.investing.com/news/technology-news/us-smartphone-financing-tech-startup-payjoy-raises-20-million-1877057