Paymob Raises $35M Pre-Series C

Paymob, based in Egypt, is a payments infrastructure provider that enables merchants to accept payments and manage their finances. The company announced it has raised $35 million in a pre-Series C funding round, bringing its total funding raised to approximately $125 million.

Investors

The round was co-led by Mubadala and the European Bank for Reconstruction and Development (EBRD). Additional participating investors included British International Investment (BII), Global Ventures, and DPI Ventures.

Paymob Use of Funds

The company plans to use the new capital to support its expansion across the Middle East and North Africa (MENA) region by scaling its digital payments acceptance business and introducing new products for SME merchants and agentic commerce.

About Paymob

Founded in 2015 by Alain El Hajj, Islam Shawky, and Mostafa El Menessy, Paymob provides a financial platform that enables merchants to process payments through a payment gateway, POS terminals, SoftPOS, and payment links. The company serves over 390,000 merchants across Egypt, the UAE, Saudi Arabia, and Oman.

Funding Details

Company Website: https://paymob.com

Company: Paymob
Raised: $35M
Round: Pre-Series C
Funding Date: September 21, 2026
Lead Investor: Mubadala, European Bank for Reconstruction and Development (EBRD)
Additional Investors: British International Investment (BII), Global Ventures, DPI Ventures
Software Category: Fintech
Source: https://www.forbesmiddleeast.com/innovation/startups/fintech-paymob-raises-%2435m-in-pre-series-c-funding-round