Egyptian fintech startup PayMint completes 7-figure seed round for expansion

TechTrends.Africa IconByTechTrends Hours On Categories Funding, Business
PayMint

PayMint, an Egyptian fintech firm, has received a seven-figure US dollar seed investment to help it expand in its local market.

PayMint, a financial technology company founded by Mohamed Yahya and Mohamed Rabie in 2019, offers SMEs salary payments, working capital finance, and supplier payments.

The seed round, which was led by AUR Fintech, a subsidiary of AUR Capital, will be used to support the startup’s expansion objectives in the Egyptian market, as well as broaden the scope of its services.

PayMint’s CEO, Rabie, remarked, “We are really happy of our relationship with AUR Fintech.” “We’re excited to use this investment as part of our development plan to improve our fintech services for SMEs and offer a variety of microfinance options in addition to bill payment.”

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