Paymob, the leading payments infrastructure service provider in the MENA region,recently announced a US$ 35mn pre-Series C funding round co-led by Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign investor, and the European Bank for Reconstruction and Development (EBRD).
Other participating investors included British International Investment (BII), Global Ventures, and DPI Ventures. The proceeds will fund Paymob’s continued expansion across the MENA region, both by scaling its core digital payments acceptance business and by introducing new product offerings tailored to its SME merchants and catering to agentic commerce.
The investment follows Paymob’s robust financial and operational performance in the last 18 months. During this period, consolidated revenues increased by 3x across its four markets, while GCC revenues grew by 7x, with close to half of total revenue currently generated from GCC markets.
Onboarding
Since securing its Retail Payment Services Licence from the Central Bank of the UAE (CBUAE) in January 2025, Paymob has onboarded roughly 20,000 merchants onto its platform across its three GCC markets.
“PayWe are very excited about Mubadala joining our cap table and grateful for the continued support of our existing shareholders,” stated Islam Shawky, Co-Founder & Chief Executive Officer, Paymob.
“This investment reflects Mubadala’s continued focus on backing innovative businesses that can scale across the region and create long-term value,” commented Ali Eid Al Mheiri, Executive Director, UAE Diversified Assets, Mubadala’s UAE Investments Platform.
Expansion
“This investment reflects EBRD’s continued commitment to backing high-growth fintech champions. We are proud to support Paymob’s next phase of expansion across the GCC and beyond,” added Bruno Lusic, VC and Growth Investor, EBRD.
Paymob’s investor base includes PayPal Ventures, Kora Capital, Clay Point Capital, FMO, A15, British International Investment, Helios Digital Ventures, Global Ventures and DPI Ventures– cementing its status as one of the most widely supported and admired Fintechs in the MENA region.
