{"id":565441,"date":"2021-04-08T13:50:25","date_gmt":"2021-04-08T13:50:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/"},"modified":"2021-04-08T13:50:25","modified_gmt":"2021-04-08T13:50:25","slug":"paymob-raises-usd-18-5-mn-series-a-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/","title":{"rendered":"Paymob raises USD 18.5 mn series A round"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Payment gateway Paymob completed its series A round with USD 18.5 mn raised<\/strong>, the company said in a <a href=\"https:\/\/ent.news\/2021\/4\/Paymob-ENG-PRL.pdf\">statement (pdf)<\/a>. Paymob raised USD 15 mn from existing investors in the second tranche of its series A led by UAE-based Global Ventures, A15, and the Dutch entrepreneurial development bank (FMO). Paymob had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/601ee882-fb55-4f16-bf78-8f9c0fce6227\">raised a USD 3.5 mn first tranche<\/a> in August of last year. The company, which saw its monthly topline grow 5x in 2020 fueled by the surge in cashless transactions, is calling the move the largest series A funding in Egypt\u2019s history.<\/p>\n<p><strong>This is probably the largest Series A raised by an Egyptian startup <\/strong>and one of the larger rounds raised by a North African fintech player.<\/p>\n<p><strong>Paymob has applied for a license to operate in KSA and<\/strong> <strong>is in talks with regulators ahead of an expansion there, <\/strong>company CEO Islam Shawky told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-08\/egypt-s-paymob-eyes-saudi-market-as-cashless-transactions-surge\">Bloomberg<\/a>. The company will use the funding to accelerate its Saudi Arabia expansion, and grow the domestic merchant network to meet increasing demand, as well as enhance its existing products, with the aim of \u201creducing digital payment bottlenecks,\u201d Shawky adds. Paymob currently operates in Egypt, Jordan, Kenya, Pakistan and Palestine.<\/p>\n<p><strong>IN OTHER STARTUP NEWS- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Meanwhile, 34 Egyptian startups raised USD 22 mn in 1Q2021, making Egypt the third <\/strong><strong>largest recipient of VC funding in MENA<\/strong>, after the UAE and KSA, according to a report out today from Wamda<strong>. <\/strong>Startups here raised USD 5 mn in March alone, up 6% m-o-m, largely thanks to <a href=\"https:\/\/flat6labs.com\/\">Flat6Labs<\/a> Cairo\u2019s cohort of 18 startups.<\/p>\n<p><strong>KUDOS- Wamda gives a special mention to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4fe9ecce-c61c-4c56-87ab-05ea2cb9c969\">Sawari Ventures<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b05a266-cfd0-4843-a495-2434a6187cd1\">Algebra Ventures<\/a><\/strong><strong> who both launched new funds this year. <\/strong>The media outlet expects even more to come from Egypt in terms of startup and investment activity.<\/p>\n<p><strong>The MENA region raised a total of USD 396 mn through 125 transactions in 1Q2021<\/strong>, with the UAE leading the pack. 38 UAE startups raised USD 256 mn, while startups in KSA companies saw USD 76 mn raised through 28 transactions.<\/p>\n<p><strong>What were MENA VCs looking for in March? <\/strong>Most March transactions were made in the fintech and e-commerce sectors, while agritech and logistics raised the most venture capital. Ten investments were made in fintech startups, with e-commerce landing seven.<\/p>\n<p><strong>But they didn\u2019t like healthcare and education: <\/strong>Only two edtech startups raised a total of USD 5 mn, while six healthtech companies raised USD 420k in March across MENA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payment gateway Paymob completed its series A round with USD 18.5 mn raised, the company said in a statement (pdf). Paymob raised USD 15 mn from existing investors in the second tranche of its series A led by UAE-based Global Ventures, A15, and the Dutch entrepreneurial development bank (FMO). Paymob had raised a USD 3.5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":565442,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10043],"tags":[1066,633,761,700,1370,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-startup-watch","tag-a15","tag-enterprisepm","tag-fmo","tag-global-ventures","tag-paymob","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"3e6ff686-8c64-4a78-b0d9-3377eba63ca5","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/374.jpg","photo_position":"above","related_issue":[565434],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Paymob raises USD 18.5 mn series A round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paymob raises USD 18.5 mn series A round\" \/>\n<meta property=\"og:description\" content=\"Payment gateway Paymob completed its series A round with USD 18.5 mn raised, the company said in a statement (pdf). Paymob raised USD 15 mn from existing investors in the second tranche of its series A led by UAE-based Global Ventures, A15, and the Dutch entrepreneurial development bank (FMO). Paymob had raised a USD 3.5 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-08T13:50:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Paymob raises USD 18.5 mn series A round\",\"datePublished\":\"2021-04-08T13:50:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/\"},\"wordCount\":393,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1\",\"keywords\":[\"A15\",\"EnterprisePM\",\"FMO\",\"Global Ventures\",\"Paymob\",\"Startup watch\"],\"articleSection\":[\"SPEED ROUND: STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/\",\"name\":\"Paymob raises USD 18.5 mn series A round - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-04-08T13:50:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Paymob raises USD 18.5 mn series A round\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Paymob raises USD 18.5 mn series A round - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/","og_locale":"en_US","og_type":"article","og_title":"Paymob raises USD 18.5 mn series A round","og_description":"Payment gateway Paymob completed its series A round with USD 18.5 mn raised, the company said in a statement (pdf). Paymob raised USD 15 mn from existing investors in the second tranche of its series A led by UAE-based Global Ventures, A15, and the Dutch entrepreneurial development bank (FMO). Paymob had raised a USD 3.5 [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-04-08T13:50:25+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Paymob raises USD 18.5 mn series A round","datePublished":"2021-04-08T13:50:25+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/"},"wordCount":393,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1","keywords":["A15","EnterprisePM","FMO","Global Ventures","Paymob","Startup watch"],"articleSection":["SPEED ROUND: STARTUP WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/","name":"Paymob raises USD 18.5 mn series A round - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1","datePublished":"2021-04-08T13:50:25+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Paymob raises USD 18.5 mn series A round"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":562058,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/paymob-wants-to-set-up-shop-in-saudi\/","url_meta":{"origin":565441,"position":0},"title":"Paymob wants to set up shop in Saudi","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"Payment gateway Paymob is looking to roll out digital payment services in Saudi Arabia in the coming five years as part of its wider expansion plans that would see the Egyptian startup operating in two new countries through representative offices there in the near future, CEO Islam Shawky told Al\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/39.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573600,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/egyptian-fintech-firm-paymob-raises-usd-3-5-mn-investment\/","url_meta":{"origin":565441,"position":1},"title":"Egyptian fintech firm Paymob raises USD 3.5 mn investment","author":"enterpriseam admin","date":"11 August 2020","format":false,"excerpt":"STARTUP WATCH- Local fintech startup Paymob has raised USD 3.5 mn in an investment round led by Global Ventures and the Dutch Entrepreneurial Development Bank (FMO), according to an emailed statement (pdf). VC tech fund A15 also contributed to the round with a follow-on investment. The payments firm plans to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546261,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/paymob-closes-usd-50-mn-series-b-round-wants-to-enter-gcc-this-year\/","url_meta":{"origin":565441,"position":2},"title":"Paymob closes USD 50 mn series B round, wants to enter GCC this year","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"Paymob closes Egypt\u2019s largest ever fintech series B round: Fintech startup Paymob raised USD 50 mn in a series B round, it announced in a statement (pdf) yesterday, calling it the largest round of its type for an Egyptian fintech firm. The round was led by emerging market investor Kora\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/114.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643704,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/12\/paymob-secures-usd-22-mn-in-funding\/","url_meta":{"origin":565441,"position":3},"title":"Paymob secures USD 22 mn in funding","author":"enterpriseam admin","date":"12 September 2024","format":false,"excerpt":"The fresh funds bring the company\u2019s total Series B funding to USD 72 mn","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/909.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550980,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/meet-our-founder-of-the-week-paymobs-alain-el-hajj\/","url_meta":{"origin":565441,"position":4},"title":"Meet our founder of the week: Paymob\u2019s Alain El Hajj","author":"enterpriseam admin","date":"17 May 2022","format":false,"excerpt":"OUR FOUNDER OF THE WEEK- Alain El Hajj, co-founder and COO Paymob (LinkedIn).My name is Alain El Hajj, and I\u2019m the COO and co-founder of Paymob. I started my entrepreneurial journey while studying computer science at the American University in Cairo.Paymob is a digital payments provider and the largest digital\u2026","rel":"","context":"In &quot;Founder of the Week&quot;","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/487.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578958,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/dubais-tabby-raises-whopper-usd-58-mn-series-c-round\/","url_meta":{"origin":565441,"position":5},"title":"Dubai\u2019s Tabby raises whopper USD 58 mn series-C round","author":"enterpriseam admin","date":"19 January 2023","format":false,"excerpt":"Makes it one of the most valuable startups in the MENA region","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=565441"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565441\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/565442"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565441"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565441"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}