Tunisian FinTech Paymee Closes a 6-figure Investment Led by P1 Ventures

Paymee, a Tunisian fintech startup, has secured six figures in a financing round led by P1 Ventures. The startup plans to utilise the funds to expedite the development of new products and widen the scope of its enterprise offering. Marwen Amamou founded Paymee in 2018, which provides online retailers with solutions for accepting payments online. Moreover, it introduced a new product called a QR Code that takes the role of POS terminals. 

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FinTech focuses on digitising payment processes and providing card-based online payment processing solutions. Any website and mobile application can incorporate its solution. Without a website, businesses and SMBs may still offer their customers payment links. Paymee specialises in providing cutting-edge payment systems that enable businesses to accept digital payments and boost sales. 

A QR Code that substitutes POS terminals was just released by Paymee. It is a QR Code with a fixed picture and a variable amount. Paymee founder Marwen Amamou stated his opinion, “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 clients’ needs and simplifying their operations is at the core of our research and development efforts.”

The business will use the money to expand its enterprise offering and quicken the pace of product development. A venture capital firm with a focus on early-stage African FinTech is P1 Ventures. 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 are a great alternative to cash-on delivery for logistic clients such as Aramex.”