Egyptian startup, Paymob completes $50 million in a Series B funding round

Egyptian startup, Paymob completes $50 million in a Series B funding round

Paymob, an Egyptian fintech firm, received $50 million in funding from PayPal Ventures, Kora Capital, and Clay Point. Additional investors included Helios Digital Ventures, British International Investment (formerly the CDC Group), Nclude, and three Egyptian banks. Paymob is a digital payments platform for emerging markets that enables small and large enterprises to take payments both…

Egyptian payments startup Paymob opens office in Pakistan

Egyptian payments startup Paymob opens office in Pakistan

Paymob, an Egyptian digital payments company, has expanded its operations into Pakistan, with the goal of providing online, POS, and “Tap on Phone” payment options to Pakistani merchants. Paymob is an infrastructure technology enabler that provides payment solutions to empower digital financial service providers through mobile wallet technology. It was founded in 2015 by Islam Shawky,…

Paymob, an Egyptian fintech startup, has partnered with Uber to expand in-app payment options

Paymob, an Egyptian fintech startup, has partnered with Uber to expand in-app payment options

Paymob, an Egyptian fintech startup, has partnered with ride-hailing giant Uber to expand payment options on the Uber app, with the goal of financially integrating a larger base of Egyptian drivers and riders. Paymob, founded in 2015 by Islam Shawky, Alain El Hajj, and Mostafa Menessy, is an infrastructure technology enabler that offers payment solutions…