Paymob, started by three college friends, lands another $22 million and is profitable in Egypt [TechCrunch]
Mastercard Incorporated (MA)
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Source: TechCrunch
So, when such events occur in regions like the Middle East or Africa, the companies are worth paying attention to. A decade ago, Islam Shawky, Alain El Hajj, and Mostafa Menessy, three undergraduates from the American University in Cairo, launched an e-commerce platform in Egypt. At the time, e-commerce was an extremely nascent industry in which only 2% of households in the country participated. One big reason was a lack of online payment methods. “There was a gap between what banks were offering and the financial technology requirements of new business models. No one had been tackling digital payments for e-commerce and digital native startups,” Shawky said in a 2022 interview Integrating a payment gateway from local banks with their
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MA
Earnings
- 11/1/24 - Beat
MA
Sec Filings
- 12/9/24 - Form 4
- 11/13/24 - Form 8-K
- 11/12/24 - Form 144
- MA's page on the SEC website