Fintech company Paymob has secured $35 million in a pre-Series C funding round. The investment was co-led by Mubadala and the European Bank for Reconstruction and Development (EBRD). The company plans to use these funds to expand its payment coverage in the Middle East and North Africa (MENA) region, develop new products for small and medium-sized businesses, and invest in agentic commerce technologies.
Founded in 2015, Paymob currently operates in Egypt, the United Arab Emirates, Saudi Arabia, and Oman. The platform serves over 390,000 merchants, providing tools such as payment gateways, point-of-sale terminals, and software solutions. The company supports more than 60 payment methods integrated through a single API and dashboard.
The firm has demonstrated significant growth, with consolidated revenues tripling across its four markets. In the Gulf Cooperation Council region specifically, the business grew sevenfold over the last 18 months, onboarding nearly 20,000 new merchants. Previously, the company raised $72 million in Series B funding across rounds in 2022 and 2024, as well as $50 million in May 2025.
