Paymob, Egypt’s market-leading digital payments provider, has announced the largest ever series A fundraise by an Egyptian company and one of the largest fintech equity rounds in North Africa.

The company has raised $15 million of new capital from existing investors in a second tranche of its series A fundraising. It follows a first tranche of $3.5 million, raised in July 2020.

The capital raise was led by Global Ventures, the UAE-based venture capital firm. It also included A...