March 28, 2024

Web and Technology News

Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate venture arm of PayPal, New-York-based venture capital Kora Capital, and London-based Clay Point led the round. New participating investors include Helios Digital Ventures, British International Investment […]

Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate venture arm of PayPal, New-York-based venture capital Kora Capital, and London-based Clay Point led the round. New participating investors include Helios Digital Ventures, British International Investment […]

Egypt’s Pylon gets $19M to scale software for water and electricity distribution companies

Pylon, an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed round. The round, a combination of debt and equity, was led by U.S.-based Endure Capital, which is backed by British International Investment (formerly CDC Group), the development finance institution of the U.K. government. Participating investors […]

M-KOPA raises $75M as it clocks 2 million customers across four African markets

A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked; thus, they don’t have access to credit and also can’t afford important purchases outright. M-KOPA’s financing platform has proved helpful to this set of users since launching as an […]

M-KOPA raises $75M as it clocks 2 million customers across four African markets

A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked; thus, they don’t have access to credit and also can’t afford important purchases outright. M-KOPA’s financing platform has proved helpful to this set of users since launching as an […]