{"id":597169,"date":"2019-07-17T03:57:59","date_gmt":"2019-07-17T03:57:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/17\/paynas-five-lenders-enter-final-stage-talks-for-loans\/"},"modified":"2019-07-17T03:57:59","modified_gmt":"2019-07-17T03:57:59","slug":"paynas-five-lenders-enter-final-stage-talks-for-loans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/17\/paynas-five-lenders-enter-final-stage-talks-for-loans\/","title":{"rendered":"Paynas, five lenders enter final stage talks for loans"},"content":{"rendered":"

Egyptian fintech startup Paynas is in final talks with five venture capital funds over financing agreements it expects to secure by 3Q2019, CEO Mohamed Mounir told Al Mal<\/a>. The company will use the financing to fund expansion plans, which include developing its technology infrastructure to expand its client base across the country, Mounir said. The company, which provides a cloud-based platform used to manage banking, HR, and employee benefits, was awarded USD 50k last month<\/a> as the winning prize at Seamless North Africa 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian fintech startup Paynas is in final talks with five venture capital funds over financing agreements it expects to secure by 3Q2019, CEO Mohamed Mounir told Al Mal. The company will use the financing to fund expansion plans, which include developing its technology infrastructure to expand its client base across the country, Mounir said. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9298],"tags":[2372,72,7087,183,1313,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597169","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-finance","tag-fintech","tag-paynas","tag-startups","wpautop","entry"],"acf":{"mongo_id":"39651d90-3f7b-4be3-a888-0185aac65226","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[597133],"teaser":"","voice_url":""},"yoast_head":"\nPaynas, five lenders enter final stage talks for loans - 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\/2019\/07\/17\/paynas-five-lenders-enter-final-stage-talks-for-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paynas, five lenders enter final stage talks for loans\" \/>\n<meta property=\"og:description\" content=\"Egyptian fintech startup Paynas is in final talks with five venture capital funds over financing agreements it expects to secure by 3Q2019, CEO Mohamed Mounir told Al Mal. The company will use the financing to fund expansion plans, which include developing its technology infrastructure to expand its client base across the country, Mounir said. 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The acquisition will see valU tap into Paynas's roster of micro and small-business clients, while Paynas will add valU\u2019s buy-now-pay-later\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/356.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568016,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/payment-news-roundup-from-visa-amazon-industry-outlook\/","url_meta":{"origin":597169,"position":1},"title":"Payment news roundup from Visa, Amazon + industry outlook","author":"enterpriseam admin","date":"15 December 2020","format":false,"excerpt":"We have a bunch of news from the payments space that you need to know about, whether you\u2019re in retail, e-commerce or a budding fintech bro:Digital payments and buy-now-pay-later schemes are here to stay, predicts Visa in its Middle East 2021 payments industry predictions report (pdf). The payments giant expects\u2026","rel":"","context":"In "PAYMENTS"","block_context":{"text":"PAYMENTS","link":"https:\/\/enterpriseam.com\/egypt\/category\/payments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/266.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559488,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/2020-was-a-good-year-for-egypts-fintech-scene\/","url_meta":{"origin":597169,"position":2},"title":"2020 was a good year for Egypt\u2019s fintech scene","author":"enterpriseam admin","date":"24 January 2021","format":false,"excerpt":"Fintech flourished in Egypt in 2020 despite covid-19\u2019s negative impact on funding, writes Citibank\u2019s Vice President of Europe, the Middle East and Africa strategy Michel Assaad for Wamda. 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