Skip to content
Wellesley Hills Financial
  • Home
  • Services
    • Services Overview
      Restructuring
    • Transaction Advisory
      • Targeted M&A
      • Defensive M&A Services
      • Capital Raising
      • Restructuring
    • Strategic Advisory
      • Valuation
      • Payments Analytics
  • About Us
  • Transactions
  • Insights
    • Insights Overview
      Insights
    • Our Top Picks
      • Week’s Most Interesting
      • Crypto
      • E-commerce
      • Embedded Finance
      • Fintech
      • Fraud / Risk Management
      • Investments – M&A
      • Open Banking
      • Payments
      • Saas
      • Specialty Finance / LendTech
    • Other Resources
      • WHF News
      • Featured Articles
      • Market Movements
  • Contact
  • Home
  • Services
    • Services Overview
    • Transaction Advisory
      • Targeted M&A
      • Defensive M&A Services
      • Capital Raising
      • Restructuring
    • Strategic Advisory
      • Valuation
      • Payments Analytics
  • About Us
  • Transactions
  • Insights
    • Insights Overview
    • Our Top Picks
      • Week’s Most Interesting
      • Crypto
      • E-commerce
      • Embedded Finance
      • Fintech
      • Fraud / Risk Management
      • Investments – M&A
      • Open Banking
      • Payments
      • Saas
      • Specialty Finance / LendTech
    • Other Resources
      • WHF News
      • Featured Articles
      • Market Movements
  • Contact

Paymob Raises $50 Million in Series B Funding Round

Paymob Raises $50 Million in Series B Funding Round
  • June 10, 2022
  • Fintech, Insights

Paymob, an Egypt-based fintech platform that provides payment solutions to digital financial service providers, announced it has raised US$50 million in a Series B funding round. The funds will be used to boost the company’s growth by expanding its product suite, reinforcing its market leadership in Egypt, and expanding its reach throughout the Middle East and Africa. Kora Management, PayPal Ventures, and Clay Point Investors led the round with participation from Helios Investment Partners, British International Investment, and Nclude. This is Egypt’s largest ever fintech Series B investment, bringing Paymob’s total funding to over US$68.5 million. It also comes at a critical juncture as the region leans into digital transformation.

Paymob Raises $50 Million in Series B Funding Round

SEE MORE INSIGHTS
Wellesley Hills Financial

1087 Beacon Street, Ste. 204
Newton, MA 02459
Phone: + 1 617-465-2425 

Twitter Linkedin

Securities transactions introduced through Wellesley Hills Securities, member SIPC/FINRA

Privacy Policy | Terms + Conditions

Copyright 2022 – Wellesley Hills Financial

MARKET INSIGHTS NEWSLETTER

Breaking industry news delivered to your inbox each week.

Market Insights Newsletter

Industry-specific market commentary, analysis, and research delivered weekly.