• Tunisia-based fintech Paymee, has closed a six-figure funding round led by P1 Ventures.
• Founded in 2018 by Marwen Amamou, Paymee offers online payment acceptance solutions to online merchants. It has recently launched a new product, a QR Code that replaces POS terminals.
• Paymee will utilise the funds to accelerate its product development and grow its enterprise offering.

Press release:

Fintech startup Paymee, offering an online payment gateway, has closed a six-figure funding round led by P1 Ventures. The startup specializes in digitising payment flows that offer online payment acceptance solutions through cards. Its solution can be integrated into any website and mobile application. Enterprises and SMBs without a website can create payment links to send to their clients. Paymee specialises in delivering innovative payment technologies to help merchants increase their revenues by accepting digital payments.

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 utilising the funds to accelerate its product development and grow its enterprise offering. P1 Ventures is a venture capital firm specialising 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.”