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Egypt’s fintech Paymob raises $35mn. Can Gulf momentum hold?

Online shopping has surged in Africa due to the rise of fintechs. Photo by Negative Space @ Pexels
Online shopping has surged in Africa due to the rise of fintechs. Photo by Negative Space @ Pexels

Kent Mensah

Kent Mensah is a seasoned Ghanaian journalist with a two-decade career spanning global media networks.
  • Paymob raises $35mn after Gulf revenue grows sevenfold
  • Mubadala and EBRD back Egyptian fintech’s regional expansion

 

CAIRO, EGYPT – Egyptian payments company Paymob has raised $35mn to accelerate its regional expansion after rapid Gulf growth transformed its business.

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