## KEY TAKEAWAYS
- Paymob, Egypt-based payments infrastructure provider, raised $35 million in pre-Series C funding co-led by Mubadala Investment Company and the European Bank for Reconstruction and Development (EBRD), bringing total disclosed funding to approximately $125 million.
- Round participants include British International Investment, Global Ventures, and Development Partners International, signaling strong institutional backing for regional expansion.
- Funding will accelerate Paymob's growth across MENA, with particular focus on scaling its core digital payments acceptance business for SME merchants and developing new product offerings for agentic commerce.
- Company has transitioned into a regional platform over the past 18 months, driven by exponential growth in its Gulf Cooperation Council (GCC) business, now serving 390,000+ merchants across Egypt and the UAE.
- Mubadala's investment aligns with its MENA Venture Capital Fund mandate to strengthen the UAE's digital economy and position the country as a regional fintech hub.
## DETAILED SUMMARY
Egypt-based Paymob has secured $35 million in pre-Series C funding, co-led by Abu Dhabi's sovereign wealth fund Mubadala Investment Company and the European Bank for Reconstruction and Development. The round also included participation from British International Investment, Global Ventures, and Development Partners International. This financing brings Paymob's total disclosed funding to approximately $125 million, reflecting sustained investor confidence in the company's regional expansion strategy.
Paymob operates as a payments infrastructure service provider across the Middle East and North Africa region, serving over 390,000 merchants in Egypt, the UAE, and other markets. Islam Shawky, co-founder and chief executive officer, characterized the company's evolution over the past 18 months as a transformation into a regional platform, propelled by exceptional growth in its GCC business. The new capital will fund two strategic priorities: scaling the core digital payments acceptance business targeting SME merchants and launching new product offerings designed to support agentic commerce—an emerging category within fintech infrastructure.
Ali Eid Al Mheiri, executive director for UAE diversified assets at Mubadala's UAE Investments Platform, positioned the investment within Mubadala's broader MENA Venture Capital Fund strategy. He emphasized that Paymob's expansion aligns with the fund's mandate to support companies strengthening the UAE's digital economy and reinforcing its status as a leading regional fintech hub. Mubadala highlighted Paymob's scalable business model, strong growth trajectory across the GCC, and potential to support merchant adoption, advance financial inclusion, and contribute to economic diversification in the region.
