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.

September 11, 2024
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