Paymob raises $35 million to expand payments business across MENA

Egypt's Paymob raised $35M led by Mubadala and EBRD to expand its payments business across MENA, as Gulf revenue grows sevenfold.
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Paymob raises $35 million to expand payments business across MENA
Photo: Paymob

Egyptian payments infrastructure company Paymob has closed a $35 million pre-Series C round, capital it plans to use for expansion across the Middle East and North Africa.

Abu Dhabi sovereign investor Mubadala and the European Bank for Reconstruction and Development co-led the round. British International Investment, Global Ventures and DPI Ventures also took part.

The round brings Paymob’s total funding to roughly $125 million. The company had previously raised $72 million through two Series B rounds, a $50 million round in 2022 and a $22 million extension in 2024.

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Last updated: September 21, 2026