Egypt’s Fintech Paymob Raises USD 22 M in Series B
- Paymob raised USD 22 million in Series B extension round.
- Led by EBRD Venture Capital with participation from PayPal Ventures and others.
- Founded in 2015, Paymob provides omnichannel payment solutions.
The successful funding round for Paymob highlights the growing interest and investment in fintech solutions within the MENA region. As digital payment methods continue to evolve, Paymob's focus on supporting SMEs through innovative payment options positions it well for future growth. However, it will be crucial for Paymob to maintain its competitive edge as more players enter the market.
