By 
Global payments giant PayPal has announced plans to invest $100 million in startups across Africa and the Middle East, in a move aimed at accelerating innovation, supporting entrepreneurship, and expanding access to the digital economy across two of the world’s fastest-growing regions.
The investment—channeled through PayPal Ventures, the company’s corporate venture arm—will target high-potential fintech and e-commerce startups. It will include a mix of equity investments, strategic acquisitions, technology sharing, and partnership funding designed to strengthen digital financial infrastructure and empower emerging businesses.
According to Alex Chriss, PayPal’s President and CEO, the Middle East and Africa represent some of the most dynamic markets globally, with rapidly evolving digital ecosystems.
“By committing $100 million to these regions over the next few years, we’re supporting the technologies and partnerships that will enable local businesses to scale, innovate, and connect with global markets,” Chriss stated.
The move builds on PayPal Ventures’ earlier investments in regional innovators such as Tabby (UAE), Paymob (Egypt), and Stitch (South Africa)—companies that are reshaping payments, lending, and digital commerce across the continent.
Otto Williams, Vice President of PayPal for the Middle East and Africa, emphasized that the company’s focus is to bridge local businesses with global opportunities.
“This investment will unlock access to capital, technology, and international markets for startups, allowing millions of entrepreneurs and consumers to participate more fully in the digital economy,” he explained.
PayPal’s initiative arrives at a crucial time for both regions, where access to funding and digital infrastructure remains a major barrier for many startups despite their growing role in solving everyday challenges—from payments and logistics to healthtech and e-commerce.
By providing not just financial support but also strategic expertise and global connectivity, PayPal aims to foster a new wave of digital growth, create jobs, and drive inclusive economic development.
The $100 million commitment also underscores PayPal’s long-term confidence in Africa and the Middle East as emerging centers of innovation. With large, youthful populations and a surge in digital adoption, both regions are positioned to become key contributors to the global digital economy.
In essence, PayPal’s regional investment marks a significant step toward empowering local entrepreneurs, expanding digital financial access, and reinforcing the company’s role as a catalyst for sustainable growth in developing innovation ecosystems.
Comments