Egyptian fintech startup Paymob secures $22m in Series B funding, raising total to $72m.

Egyptian fintech startup Paymob has secured an additional $22 million in Series B funding, raising its total to $72 million. Founded in 2015, Paymob serves over 350,000 merchants with more than 50 payment methods, experiencing sixfold revenue growth since mid-2022 and achieving profitability in Egypt. The funding, led by EBRD Venture Capital, will enhance its expansion in the Middle East and North Africa, including the GCC region.

6 months ago
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