{"id":855753,"date":"2026-09-21T19:12:09","date_gmt":"2026-09-21T19:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/855753\/"},"modified":"2026-09-21T19:12:09","modified_gmt":"2026-09-21T19:12:09","slug":"paymob-secures-35m-to-expand-payment-coverage-in-mena","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/855753\/","title":{"rendered":"Paymob Secures $35M to Expand Payment Coverage in MENA"},"content":{"rendered":"

Paymob<\/a>, an Egypt-based FinTech company, raised $35 million in pre-Series C funding<\/a>, the company said in a Monday (Sept. 21) post on LinkedIn.<\/p>\n

Paymob said in the post that it will invest the new funding in \u201cwider payment coverage across our [Middle East and North Africa (MENA)] markets, new products for [small- to medium-sized business (SMB)] merchants and getting ahead of agentic commerce.\u201d<\/p>\n<\/p>\n

Paymob operates across Egypt, the United Arab Emirates, Saudi Arabia and Oman; serves more than 390,000 merchants; and enables merchants to accept payments<\/a> and manage their finances through its payment gateway, point-of-sale terminals, software point of sale and payment links, according to a Forbes Middle East report shared in Paymob\u2019s post.<\/p>\n

Paymob was founded in 2015; raised $72 million in Series B funding across a 2022 round and a 2024 extension round; and increased its consolidated revenues threefold across its four markets, per the report.<\/p>\n

Paymob\u2019s pre-Series C funding round was co-led by Mubadala<\/a> and the European Bank for Reconstruction and Development (EBRD<\/a>), according to the company\u2019s post.<\/p>\n

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Ali Al Mehairi<\/a>, executive director of diversified assets at Mubadala Investment Company, said in a Monday post on LinkedIn that Paymob has established itself as one of the MENA region<\/a>\u2019s most widely backed FinTech companies.<\/p>\n

\u201cIts platform simplifies a traditionally fragmented payments landscape by bringing more than 60 payment methods under a single contract, API, settlement cycle and dashboard,\u201d Al Mehairi said.<\/p>\n<\/p>\n

Bruno Lusic<\/a>, venture capitalist and growth investor at EBRD Venture Capital, said in a Monday post on LinkedIn that with the latest investment, EBRD VC doubled down on its conviction after first backing Paymob<\/a> in 2024.<\/p>\n

\u201cPaymob has built the payments infrastructure that MENA\u2019s [SMB] economy has been missing,\u201d Lusic said. \u201cOver the last 18 months, the company has tripled revenues and grown its [Gulf Cooperation Council] business 7x, onboarding nearly 20,000 merchants.\u201d<\/p>\n<\/p>\n

Paymob Co-Founder and CEO Islam Shawky<\/a> told PYMNTS in February 2023 that Paymob aimed to fill a gap between payments issuance and acceptance that is a major pain point in emerging markets<\/a>. The firm had been working to plug the acceptance hole both online and in-person by offering 40 different payment options to its merchant clients.<\/p>\n

When Paymob raised $50 million in the first part of its Series B in May 2025, it was reported that it was the largest such funding for a FinTech in Egypt<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Paymob, an Egypt-based FinTech company, raised $35 million in pre-Series C funding, the company said in a Monday…\n","protected":false},"author":2,"featured_media":855754,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[28970,1530,159,2796,165,3,361348,3300,23669,1166,74,3301],"class_list":["post-855753","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-egypt","tag-fintech","tag-funding","tag-investments","tag-mobile","tag-news","tag-paymob","tag-pymnts-news","tag-smbs","tag-startups","tag-technology","tag-whats-hot"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/855753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=855753"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/855753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/855754"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=855753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=855753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=855753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}