PayPal to invest $100 million in Middle East and North Africa startups

[cryptoenthusiast]

PayPal Holdings plans to invest $100 million in startups across the Middle East and North Africa region, expanding its presence in these growing markets.

The digital payments company will distribute the investment through various channels, including minority investments, acquisitions, and funding from PayPal Ventures.

This new commitment builds upon PayPal Ventures’ existing investments in regional startups such as Tabby, Paymob, and Stitch.

The initiative aims to strengthen PayPal’s footprint in the Middle East and North Africa as the company seeks growth opportunities in emerging markets.