Paymob Raises $35M Pre-Series C to Expand MENA Payments Infrastructure
Summary
Paymob raised $35 million in a pre-Series C round led by Mubadala Investment Company and the EBRD. The company will use the money to expand across MENA, grow its SME product set, and build infrastructure for agentic commerce. Paymob says its GCC business has grown quickly, with revenue in the region up 7x and GCC markets now contributing nearly half of total revenue. The company also highlighted its one-contract, one-API payments platform and its merchant base of more than 390,000 businesses across MENA.
Funding
Amount
$35
Total raised
Date
September 21, 2026
Announcement date
Investors
Maison Galaxy, Endeavor Catalyst, FMO, Global Ventures, A15
Lead investors
Company
paymob.com
Funded company
AskAI Classifications
Sectors
Fintech, Banking and Payments
General FinTech
Payment Processing
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Paymob
$250M to $500M