Funding

Paymob, an Egypt-born fintech startup, has successfully raised an additional $22 million in funding, bringing its total Series B round to $72 million. This recent extension follows a $50 million raise in 2022, pushing the company’s total funding to over $90 million since its inception.

Rubyx, a Senegalese fintech startup specializing in digital lending, has secured a EUR400,000 (US$440,000) loan from the French development finance institution Proparco. This funding will accelerate the rollout of Rubyx’s innovative algorithmic loan platform.

The company has secured equity funding from the Sanofi Global Health Unit’s Impact Investment Fund, a move that will enable Kasha to extend its reach to more African countries and enhance its technological capabilities.