PayMob is an Egyptian digital payment solutions provider that provides digital payment technology solutions to merchants. On the one hand, it provides online payment gateways for merchants’ websites or applications, which are compatible with omni-channel mobile payment; Announced today that it has raised $50 million in Series B funding, the company enables merchants to accept digital payments both online and in-store. Lead investors are PayPal Ventures, PayPal’s global corporate venture capital arm, New York-based venture capital Kora Capital and London-based Clay Point. The round is one of the largest at this stage in Egypt and MENA, bringing Paymob’s total funding to more than $68.5 million. Paymob works with businesses and merchants of all sizes and has built an omni-channel payment infrastructure that enables them to accept payments through a variety of methods, including bank cards, mobile wallets, QR code payments, bank card installments, BNPL and spending Financial payment options. Paymob also has a POS solution for offline merchants that can accept in-store bank card payments
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