Paymob International B.V.
Who is our client
Paymob International B.V. (“the Company”) provides technological solutions to enable electronic payments in Egypt.
FMO will make a follow-on investment to support business development in Egypt and international expansion.
Why we fund this project
Fit with FMO Ventures Program stems from the Company’s technology solutions to improve access to finance for the un(der)served population, thereby contributing to Egypt's transaction to a cashless economy.
Environmental and social rationale
As a technology service provider, the Company carries low “C” risk for environmental and social aspects.
|Date||Total FMO financing|
|6/30/2020||USD 1.40 MLN|
|5/26/2020||USD 1.40 MLN|
- Website client
- Netherlands, the
- Financial Institutions
- Signing date
- Total FMO financing
- USD 3.00 MLN
- Ventures Program Africa EurNb
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)