Subscribe

Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks
Fintech Egypt paymob

Egyptian fintech Paymob raises $50 million in Series B round

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Egyptian fintech Paymob raises $50 million in Series B round
Photo by Pickawood / Unsplash

Egyptian fintech Paymob has raised $50 million in a Series B funding round with the mission to help merchants, small and medium enterprises (SMEs) and brands improve payment methods and grow their revenue. The funding round was led by PayPal Ventures, Kora Capital and Clay.

  • Paymob is a payment solution platform helping merchants accept digital payments online and POS for in-store card payments.
  • The platform uses omnichannel infrastructure that enables multi-modal payments including bank cards, mobile wallets, QR payments, and buy-now-pay-later (BNPL) among other payment options.
  • Paymob last raised $18.5 million in its Series A round from A15, FMO, and Global Ventures making it $68.5 million in total raised funds.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More