Friday December 1st, 2023
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Paymob Partners with Egypt’s Khazenly to Digitise Businesses

To date, the startup serves 170,000 merchants in the MENAP region.

Startup Scene

Paymob, a leading fintech platform in the MENAP region, has partnered with Khazenly, Egypt’s digital logistic startup, to enable merchants to fully digitise their business operations.

Through the strategic partnership, merchants will have access to Paymob’s real-time payments reporting dashboard and will be able to leverage Khazenly’s digital fulfilment and warehousing services, thus transforming the way they do business in Egypt. By streamlining operations and having more efficient transactions, merchants will also be able to expand their customer base and grow their business.

“We are particularly excited about this partnership with Khazenly that demonstrates our commitment to digitise B2B payments which are central to the digital transformation of any business,” Islam Shawky, Co-Founder and CEO at Paymob, tells StartupScene. “By combining our value proposition with that of Khazenly, we are creating a comprehensive, digital B2B logistics and payments solution. As the agents of inclusive growth in any economy, SMEs in Egypt will benefit the most from our partnership with Khazenly which will open new opportunities for them.”

Founded in 2015 by Islam Shawky, Alain El Hajj and Mostafa Menessy, Paymob has evolved its payment solutions to enable businesses to accept digital payments both online and offline via its gateway, point of sale (POS), and app products.

To date, the startup serves 170,000 merchants in the MENAP region.

Last year, Paymob raised $50 million in a Series B funding round to expand its product range and enter new markets across the Middle East and Africa.