A FinTech based in Tunisia, Paymee, has raised a six-digits fundraising round to accelerate its product development and grow its enterprise offering.
Request specific data sets, export tailored directories, and explore the full potential of our Platform. Reach out to our Sales Team
FinTech startup Paymee, offering an online payment gateway, has closed a six-figure funding round led by P1 Ventures. The startup specializes in digitizing payment flows that offer online payment acceptance solutions through cards. Its solution can be integrated to any website and mobile application. Enterprises and SMBs without a website can create payment links to send to their clients. Paymee specializes in delivering innovative payment technologies to help merchants increase their revenues by accepting digital payments.
As recorded in our recently released State of Startup Funding - H1 2022 Emerging Venture Markets Report, many milestones were achieved by FinTech startups across the MEAPT region as the sector amassed over $1Bn in H1’22 with a number of Mega Deals closed by FinTech startups being the core drivers in reaching the $1Bn mark in funds. The FinTech frenzy across Africa has been truly remarkable this year, where FinTech was the leading industry either in terms of funding or in total transactions in the top geographies of the region. In the North African region, Egypt was the winner of the FinTech sector with sizable rounds recorded by PayMob, Lucky, and Thndr. Both regional and international investors have been very keen in playing a part in disrupting the EVM's FinTech sector to offer innovative payment solutions.
The VC ecosystem across the MEAPT region has aggregated over $5Bn in funding in H1'22, as seen in our State of Startup Funding - H1 2022 Emerging Venture Markets Report. The FinTech sector is responsible fro aggregating the lion's share of investment driven a number of Mega Deals. The sector has observed steady investment and entrepreneurial traction being recorded in cryptocurrency, BNPL, e-wallets, neobanking, and lending startups in the first half of the year.
Paymee’ recently launched a new product, a QR Code that replaces POS terminals. It’s a QR Code with a fixed image and the amount that can be modified. Marwen Amamou, Paymee founder shared his thoughts, “This raise will support our ambition to develop the product and attract new talents. We’re already known for the efficiency and simplicity of our payment solutions and now we want to become the market reference in Tunisia. Addressing our client needs and simplifying their operations is at the core of our research and development efforts.”
The startup will be utilizing the funds to accelerate its product development and grow its enterprise offering. P1 Ventures is a venture capital firm specialized in early stage African FinTech. Mikael Hajjar, General Partner at P1 Ventures, added: “We’ve been impressed by the product quality that allowed Paymee to become a partner of reference for international brands such as Shopify to enable Tunisian merchants to accept payments online. Marwen is also a highly ambitious and resilient entrepreneur who continues to develop new features such as the QR Codes, which is a great alternative to cash on delivery for logistic clients such as Aramex.”
Get a diagnosis of the landscape. Access real-time data on FinTech startups in EVMs