PayMint, an Egyptian fintech firm, has received a seven-figure US dollar initial investment to help it expand in its local market.
PayMint, a financial technology company founded by Mohamed Yahya and Mohamed Rabie in 2019, offers SMEs salary payments, working capital finance, and supplier payments.
The seed round, which was led by AUR Fintech, a subsidiary of AUR Capital, will be used to assist the startup’s development objectives in the Egyptian market, as well as broaden the breadth of its services.
“We are so proud of our partnership with AUR Fintech,” said Rabie, PayMint’s CEO. “We are looking forward to utilising this round in our expansion plan to enhance our fintech services for SMEs and provide a wide range of microfinance, in addition to bill payments.”
