Paymee, a Tunisian fintech startup that provides a digital payment gateway through Clic2Pay, has raised six figures in a P1 Ventures-led round. The led investor is a venture capital firm specializing in early-stage African FinTech. the funds will be used to accelerate product development and expand its enterprise offering.
Marwen Amamou founded Paymee in 2018 to provide online payment acceptance solutions to merchants, it specializes in digitizing payment flows and providing online payment acceptance solutions via cards. Its solution is compatible with any website or mobile application. Without a website, enterprises and SMBs can create payment links to send to their customers. Paymee specializes in providing innovative payment technologies that assist merchants in increasing their revenue by accepting digital payments.
Also, 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’s founder and CEO explained how the fintech plans to utilize the funds. “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.”
According to a report on the fintech’s website, it has completed over 100,000 transactions since May 2019, when it received the Startup label from Tunisia’s Ministry of Communication Technologies and the Digital Economy. It has 15,000 intermediate accounts, 250+ business accounts, and 2,000,000 lines of code. Its current clients include Lamma, NGSIM, WeSettle, FCT Ecole, baity, and many others.
Mikael Hajjar, General Partner at P1 Ventures said, “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.”