Paymob and Khazenly will support merchants in fully digitizing their operations as the result of a new strategic partnership.
Paymob, a leading financial service enabler, and Khazenly, Egypt’s leading on-demand warehouse platform, have entered a partnership to allow merchants to fully digitize their operations.
Paymob and Khazenly’s synergy
Founded in 2015, Paymob offers merchants comprehensive payment acceptance methods. The company’s omnichannel payments infrastructure enables online and in-store payment methods via its gateway, point of sale (POS), and Paymob app products. In addition, the company offers financial technologies that enable merchants to manage and grow their businesses in the digital economy. The fintech currently serves 170,000 merchants in its network across MENA-P.
Launched in 2021, Khazenly’s logistics platform is designed to be a convenient, affordable and easy to use omni-channel solution that helps merchants grow their businesses and supercharge the digitalization of their fulfillment processes. Khazenly’s technology and business model allow its merchants and social commerce retailers to optimize their fulfillment processes digitally when selling online (B2C), via retail stores (B2B), marketplaces or cross-border.
The partnership aims to create a comprehensive ecosystem that will combine Paymob’s digital payment acceptance and payout solutions with Khazenly’s digital fulfillment and warehousing services. Merchants will also have access to Paymob’s real-time payments reporting dashboard for instant financial visibility. The aim is to streamline operations and create efficient transaction lifecycles, while expanding merchants’ customer base.
Supporting SMEs
Islam Shawky, Paymob’s co-founder and CEO said, “By combining our value proposition with that of Khazenly, we are creating a comprehensive, digital B2B logistics and payments solution. As the agents of inclusive growth in any economy, SMEs in Egypt will benefit the most from our partnership with Khazenly which will open new opportunities for them.”
Transitioning merchants to online
Mohamed Younes, co-founder and CEO of Khazenly said, “Partnering up with one of the region’s leading e-payment players, Paymob, is very exciting for us, as we believe that together we can enable the transition from offline to online for all our merchants via offering comprehensive solutions from first mile to payment services.”
Last May, Paymob made headlines by raising USD 50 million in a Series B round, the largest deal in Egypt that month.
In August of last year, Egyptian fintech company Lucky partnered with Khazenly to create a series of special offers on Lucky’s platform.
Shorooq Partners are one of Khazenly’s investors, read our exclusive interview with partner Tamer Azar, here.