Paymob raises $18.5m in largest Series A for an Egyptian fintech

In August 2020, Egyptian fintech Paymob announced that it raised $3.5 million to improve its capacity and acquire more merchants to use its payments services. That mission has now received additional funding, bringing the startup to a formal Series A close of $18.5 million.

The round was led by Global Ventures, a venture capital firm that invests mostly in Middle East and North African…

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