Paymob, a payments infrastructure provider operating across the Middle East and North Africa (MENA) region, has raised $35m in a pre-Series C funding round.
The round was jointly led by Mubadala Investment Company, the Abu Dhabi sovereign investor, and the European Bank for Reconstruction and Development (EBRD).
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.
It plans to use the funds to broaden its core digital payments acceptance operations and roll out additional products aimed at SME merchants and agentic commerce.
Paymob co-founder and CEO Islam Shawky said: “This Pre-Series C funding round will help us accelerate our growth plan across the MENA region and fast-track our product roadmap to become the go-to payments platform for agentic commerce.”
The investment comes after what the company described as strong financial and operational results over the past 18 months. Over that period, Paymob’s consolidated revenues across its four markets rose threefold, while revenues from the GCC increased sevenfold. Nearly half of the company’s total revenue now comes 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 to its platform across its three GCC markets.
The company’s omnichannel gateway supports more than 60 payment methods and serves over 390,000 merchants.
Founded in 2015, Paymob was first licensed by the Central Bank of Egypt. It later expanded into the UAE in 2023 and secured regulatory approval from the Central Bank of the UAE.
That same year, the company opened an office in Riyadh and obtained a Payment Technical Service Provider licence from Saudi Payments, enabling it to begin operations in Saudi Arabia. It also established an office in Oman in 2023.
Paymob’s wider investor roster includes PayPal Ventures, Kora Capital, Clay Point Capital, FMO, A15, British International Investment, Helios Digital Ventures, Global Ventures and DPI Ventures.
“Paymob secures $35m pre-Series C round led by Mubadala and EBRD” was originally created and published by Electronic Payments International, a GlobalData owned brand.
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