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.
Paymob, started by three college friends, lands another $22 million and is profitable in Egypt
Launch of Paymob as a payment infrastructure in 2015. Raised over $90 million, including a $22 million extension to its Series B round.
Mastercard, Paymob Drive Digital Payments Growth in MENA
Paymob has joined forces with Mastercard to boost digital payment adoption in the MENA region. The partnership aims to expand the reach of affordable solutions to micro, small, and medium-sized enterprises (MSMEs).
Egypt’s Paymob becomes first international fintech company licensed in Oman
Paymob receives the Central Bank of Oman's Payment Service Provider license. Paymob offers over 40 payment solutions and has raised $50 million in Series B funding.
