Paymob Raises $35 Million in Pre-Series C Funding Led by Mubadala and EBRD
Paymob has secured a $35 million pre-Series C funding round led by Mubadala Investment Company and the European Bank for Reconstruction and Development (EBRD). The investment will support Paymob's regional expansion across the Middle East and North Africa, with plans to enhance its digital payments operations and introduce new products targeting SMEs and agentic commerce. Existing investors such as British International Investment also participated in the round. The funding follows strong financial performance over the past 18 months, including a threefold increase in consolidated revenues across Paymob's four markets and a sevenfold rise in revenue from Gulf Cooperation Council (GCC) countries. Since obtaining its UAE Retail Payment Services Licence in January 2025, Paymob has added approximately 20,000 merchants to its platform within the GCC region. Founded in 2015, Paymob operates across Egypt, the UAE, Saudi Arabia, and Oman with a gateway supporting over 60 payment methods. The company serves more than 390,000 merchants and has secured regulatory approvals from key regional central banks.
