Project detail - Paymob International B.V.

Paymob International B.V.

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Who is our client

Paymob International B.V. (“the Company”) provides technological solutions to enable electronic payments in Egypt.

Funding objective

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.

More investments

Date Total FMO financing
6/30/2020 USD 1.40 MLN
5/26/2020 USD 1.40 MLN
Website client
https://www.paymobsolutions.com/
Region
Africa
Country
Netherlands, the
Sector
Financial Institutions
Signing date
3/10/2021
Total FMO financing
USD 3.00 MLN
Fund
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)
C