PAYMOB INTERNATIONAL B.V.
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Launched in 2015 Paymob International B.V. (“the Company”) provides technological solutions to enable electronic payments in Egypt. The Company’s activities in Egypt are scaling fast, in addition Paymob is expanding into Saudi Arabia and Pakistan.
What is our funding objective?
The overall objective of the project is to support Paymob and its Board with advanced HR advisory to navigate high growth and allow for future-ready planning. The vision is that the advisory services will develop and train the permanent HR advisory team within Paymob.
Why do we fund this investment?
This project is funded through the Investee Strengthening component of the FMO Ventures Program Technical Assistance Facility, co-funded by the Dutch Government and European Union. This component seeks to enable the Ventures Program investees to meet relevant standards, improve company performance efficiency and revenue, and increase the impact of their business. This project supports these objectives by providing access to advice and the practical and hands-on support for Paymob to grow its business and accelerate impact.
More investments
| Date | Total FMO financing |
|---|---|
| 3/4/2022 | USD 3.90 MLN |
| 3/10/2021 | USD 3.00 MLN |
| 6/30/2020 | USD 1.40 MLN |
| 5/26/2020 | USD 1.40 MLN |
- Website customer/investment
- https://www.paymobsolutions.com/
- Region
- Africa
- Country
- Egypt
- Sector
- Financial Institutions
- Effective date
- 7/28/2022
- Total FMO financing
- EUR 0.05 MLN
- Funding
- FMO NV
-
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