PayMint, an Egyptian fintech startup, has received a seed investment of seven figures in the United States to help it expand its operations in Egypt.
Mohamed Yahya, Mohamed Rabie and Mohamed Rabie launched it in 2019. PayMint financial technology services for SMEs include supplier payments and working capital financing.
The seven-figure seed round comes from AUR Fintech – a subsidiary of AUR Capital – and will be used by the startup to support its expansion plans within the Egyptian market, expanding the scope of its services.
“We are so proud of our partnership with AUR Fintech,” said Rabie, PayMint’s CEO. “We are looking forward to utilizing 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.”