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In April 2021, Cairo-based fintech Paymob closed the largest ever Series A investment round raised by a fintech in Egypt. The US$18.5 million round which was led by Global Ventures, with participation from A15 and the Dutch entrepreneurial development bank, FMO provided Paymob with capital which the company aims to use to accelerate its expansion into Saudi Arabia and other regional markets this year. In this episode, Macky O’Sullivan speaks to Islam Shawky (CEO and Co-Founder of Paymob) about his entrepreneurial journey and the role the digital payments facilitor is playing in Egypt’s transition to a cashless society.
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