In a bold move to deepen its influence in emerging markets, global payments giant PayPal has unveiled plans to invest US$100 million across startups in the Middle East and Africa. The commitment seeks to fuel innovation, empower local entrepreneurs, and support inclusive economic development in regions that are rapidly embracing digital commerce.
PayPal’s strategic funding will be directed through a blend of minority equity stakes, acquisitions, investments by PayPal Ventures, and expansion of local talent and technological infrastructure. The goal is to equip promising startups with the capital and technology needed to scale efficiently, explore new markets, and bring more consumers into the digital economy.
“These regions are home to some of the fastest-growing and most innovative businesses in the world,” stated Alex Chriss, PayPal’s president and CEO. “By dedicating US$100 million to their growth over the coming years, we are not only championing innovation but also helping founders reach customers beyond their borders and succeed in a global digital landscape.”
This renewed commitment builds on existing investments by PayPal Ventures in regional leaders such as Tabby, Paymob, and Stitch — underlining PayPal’s expanding role in shaping the future of fintech and digital commerce across Africa and the Middle East.
Otto Williams, Senior Vice President and Regional General Manager for PayPal in the Middle East and Africa, reiterated the company’s long-term vision:
“Our focus is to deepen PayPal’s engagement in the region by strengthening ties between local businesses and global markets. We want to ensure millions of people across Africa and the Middle East have access to the digital tools and services they need to thrive.
