Tagged: fmo

Egyptian Fintech Paymob Raises $18.5 Million Series A Funding Round

April 8, 2021 @ 8:11 am By Samantha Hurst |

Paymob, a Egypt-based payment platform, has raised $18.5 million through its Series A funding round, which was reportedly led by India-based VC firm Global Ventures with participation from Egyptian investment fund A15 and Dutch development bank FMO. The investment round notably comes less than a… Read More

Read more in: Fintech | Tagged alain el-hajj, egypt, fintech, fmo, global ventures, investment, paymob, series a

P2P Lender Lendable Receives Dutch Development Bank FMO Convertible Grant

August 23, 2018 @ 7:03 am By Erin Hobey |

Kenyan-based Fintech platform Lendable has been extended a convertible grant from Dutch Development Bank FMO to provide a “first loss” backstop. The $450K convertible grant, provided by the Dutch government’s FMO managed MASSIF fund, aims to reach targeted end-beneficiaries through financing local financial intermediaries and institutions that… Read More

Read more in: Fintech, General News, Global | Tagged africa, fmo, iot, Kenya, lendable, p2p lender