The just concluded funding round was led by EBRD Venture Capital with participation from Endeavor Catalyst
Paymob
Latest in Paymob
Central Bank of Oman
Major fintech firm Paymob receives Oman licence in regional first
The licence means merchants in Oman can now use Paymob’s payment gateway to accept local and cross-border payments, without needing multiple integrations
Egypt
Egypt’s Paymob receives Saudi Arabia certification
This certification, issued by Saudi Payments, allows Paymob to operate fully in the Kingdom and offer its seamless, secure payment gateway services to merchants in Saudi Arabia
digital economy
Paymob expands, announces UAE as regional hub
The company is set to make a sizeable investment in the UAE market
Banque du Caire
Egypt’s largest national banks, VC firm Global Ventures launch fintech fund approved by the Central Bank of Egypt
The fund creates opportunities for investors and entrepreneurs to come together and create scalable and affordable financial technology solutions that boost Egypt’s fintech sector and drive the nation’s economy forward
Cashless payments
Saudi expansion in focus for Paymob after record Egypt fundraise
The Cairo-based firm, which provides mobile wallet products for companies including banks and phone operators and also helps process retail payments