The Egyptian digital payment provider Paymob founded by Islam Shawky, Alain El Hajj and Mostafa El Menessy, announced it has raised $3.5 million investment led by Global Ventures and the Dutch Entrepreneurial Development Bank FMO with a follow-on investment by A15. Paymob will be using the proceeds to further expand its merchants’ network to meet the continuously rising demand, product development and establishing a larger regional footprint.

Islam Shawky, Paymob’s co-founder and c...