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
Paymob International B.V. (“the Company”) provides technological solutions to enable electronic payments in Egypt.
What is our funding objective?
FMO will make a follow-on investment to support business development in Egypt and international expansion.
Why do we fund this investment?
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.
What is the Environmental and Social categorization rationale?
As a technology service provider, the Company carries low “C” risk for environmental and social aspects.
More investments
| Date | Total FMO financing |
|---|---|
| 7/28/2022 | EUR 0.05 MLN |
| 3/4/2022 | USD 3.90 MLN |
| 6/30/2020 | USD 1.40 MLN |
| 5/26/2020 | USD 1.40 MLN |
| 8/2/2024 | USD 1.70 MLN |
- Website customer/investment
- https://www.paymobsolutions.com/
- Region
- Africa
- Country
- Netherlands
- Sector
- Financial Institutions
- Publication date
- 1/4/2021
- Effective date
- 3/10/2021
- Total FMO financing
- USD 3.00 MLN
- Funding
- Ventures Program Asia
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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