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Alain El Hajj

Co-Founder & COO at Paymob | Forbes 30 Under 30 | Digitizing GDPs

Alain El Hajj is the Co-Founder and Chief Operating Officer (COO) of Paymob, a leading fintech company based in Cairo, Egypt. He co-founded Paymob during his undergraduate studies at the American University in Cairo, where he earned a Bachelor of Science degree in Computer Science from 2009 to 2015.13

Key Highlights:

  • Professional Background: Alain is recognized for his contributions to the financial technology industry, particularly in promoting entrepreneurship and financial inclusion as key drivers for social and economic prosperity.1
  • Paymob's Success: Under his leadership, Paymob has grown significantly to become a major merchant financial services enabler across MENAP (Middle East, North Africa, Pakistan), processing hundreds of millions of transactions annually.13
  • Awards and Recognition: He was featured on Forbes' "30 Under 30" list for his achievements in fintech innovation.1
  • Personal Interests: Outside work, Alain enjoys reading, traveling, and kitesurfing.1

Career Achievements:

Alain played a pivotal role in scaling Paymob across various geographies within the Middle East and Africa. His entrepreneurial journey began while he was an undergraduate student at AUC. Initially facing challenges such as being rejected by banks due to their youthfulness and lack of experience, Alain persevered alongside his co-founders Islam Shawky and Mostafa Menessy. They eventually secured partnerships with banks after persistent efforts starting from 2015 until they achieved their first transaction partnership with a bank by 2016.3

Paymob's growth accelerated when it was involved in building Egypt's digital wallet infrastructure alongside telecom operators and banks. The company expanded its acceptance business significantly by enabling businesses to collect payments digitally starting from 2019.3

In terms of fundraising milestones, Paymob raised substantial investments through series A ($18.5 million) and series B ($50 million) rounds led by prominent investors like PayPal Ventures among others.23

Future Plans:

Alain aims to continue expanding Paymob’s customer base into new markets such as GCC countries after recent expansion into Pakistan. The long-term goal is to serve over one million merchants across their operational regions while continuously innovating digital payment solutions for SMEs.3

Highlights

Sep 10 · global.vc
Islam Shawky, Alain El-Hajj and Mostafa Menessy
May 26 · empowerafrica.com
Alain El Hajj
Alain El Hajj
May 17 · enterprise.press
Meet our founder of the week: Paymob's Alain El Hajj
Meet our founder of the week: Paymob's Alain El Hajj
Sep 20 · paymob.com
Our Story

Related Questions

What inspired Alain El Hajj to co-found Paymob?
How did Alain El Hajj and his co-founder overcome initial rejections from banks?
What are the key achievements of Paymob under Alain El Hajj's leadership?
How has Paymob's partnership with telecom operators and banks impacted its growth?
What challenges has Alain El Hajj faced as a young entrepreneur?
Alain El Hajj
Alain El Hajj, photo 1
Alain El Hajj, photo 2
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Location

Cairo, Egypt