Egypt
Paymob, founded in 2015 and headquartered in Egypt, is a leading player in the financial services sector across the MENA-P region. Their mission, "On a mission to build the infrastructure that powers the digital economy," is reflected in their comprehensive fintech solutions, which empower businesses—from SMEs to large enterprises—to manage and grow their financial activities efficiently.
The company serves over 390,000 merchants, partnering with major brands such as Foodics, IKEA, Uber, and Shahid. It has steadily expanded across key markets, obtaining licenses from various central banks, including the Central Bank of Egypt and the Central Bank of the UAE.
Paymob recently secured a $22.00M Series B investment in September 2024 from notable investors like A15, Endeavor Catalyst, and PayPal Ventures. This funding enhances their capacity to innovate and capture greater market share, positioning them strategically for growth in a region ripe for digital transformation.
CASHU