Tech Company Financing Transactions
Paynest Funding Round
Paynest, based in Dubai, scored $2.2 million from Lince Capital, BlueCrow Capital and Iberis Capital.
Transaction Overview
Company Name
Announced On
12/12/2023
Transaction Type
Venture Equity
Amount
$2,180,000
Round
Seed
Investors
Proceeds Purpose
This investment will be strategically utilised to advance product development, strengthen the team, and accelerate Paynest's expansion across Europe.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1304-B, Emirates Financial tower - North, DIFC
Dubai, Undisclosed
UAE
Dubai, Undisclosed
UAE
Phone
Website
Email Address
Overview
PayNest is creating digital frictionless solutions for the education and public sector payments ecosystem. PayNest is a next-generation embedded finance player providing sophisticated technology to resolve inconsistencies in the education and public sector payments value chain. We create platforms that help users make payments anywhere, anytime.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Murtaza Abedin
Chief Technical Officer
Shahid Rasool
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Where The Data Comes From
We do our best to document funding rounds that are announced publicly. VC investment data records reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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