Paymob raises $35m pre-Series C led by Mubadala and EBRD

โดย Electronic Payments International·MEAEEG·Read original
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Paymob, a payments infrastructure provider operating across the Middle East and North Africa, has raised $35m in a pre-Series C funding round jointly led by Mubadala Investment Company and the European Bank for Reconstruction and Development. Existing and other participating backers included British International Investment, Global Ventures and DPI Ventures. According to a statement from Mubadala, the capital will support Paymob's ongoing regional expansion across MENA, broadening its core digital payments acceptance operations and rolling out additional products aimed at SME merchants and agentic commerce. Co-founder and CEO Islam Shawky said the round will help accelerate the company's growth plan across the MENA region and fast-track its product roadmap to become the go-to payments platform for agentic commerce. The investment follows what the company described as strong financial and operational results over the past 18 months, during which Paymob's consolidated revenues across its four markets rose threefold while revenues from the GCC increased sevenfold, with nearly half of total revenue now coming from GCC markets. Since receiving its Retail Payment Services Licence from the Central Bank of the UAE in January 2025, Paymob has added about 20,000 merchants across its three GCC markets, and its omnichannel gateway supports more than 60 payment methods and serves over 390,000 merchants.

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