Paymob, a company specializing in digital payments, announced the attraction of investments in the amount of $18.5 million. This sum is part of a Series A investment round led by A15 and LUN Partners Group. Paymob plans to use these funds to expand its operations in the Middle East and Northern Africa.
Founded in 2015, Paymob is one of the leading companies providing digital payment services in the region. It currently offers solutions for more than 35,000 companies and enterprises, helping them manage payments from various sources.
"We plan to use the new capital to enhance our services, expand our market presence, and launch new products," noted the CEO of Paymob. "This investment will provide us with additional resources for growth and innovation."
Paymob focuses on streamlining digital transactions for companies operating in the region, where the majority of operations are still carried out in cash. The Series A financing enables the company to strengthen its market position and continue developing in the field of digital payments.
