The Egyptian financial technology startup Paymob announced yesterday that it raised $50 million in its second fundraising round.
The Series B fundraising round was led by PayPal Ventures, which is the venture capital arm of the eponymous digital payment service, as well as Kora Capital in New York and Clay Point in London. The $50 million was the largest ever in a Series B fundraising round in Egypt, the state-owned Al-Ahram reported.
