Paymob Raised $35 Million to Scale Payments
The fintech firm will use the funds to expand its merchant services and product roadmap across the MENA region.
Updated on Sept. 21, 2026 in Startups
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Paymob has secured $35 million in a pre-Series C funding round led by Mubadala and the European Bank for Reconstruction and Development. The company provides a unified platform for digital payments and plans to use the capital to support its growth across the MENA region.
Why it matters
The investment aims to accelerate the deployment of new products tailored for SME merchants as the company scales its digital payments infrastructure. This move follows a period of rapid expansion in the GCC market where merchant adoption has surged.
Paymob raised $35 million in new funding after achieving 3x consolidated revenue growth over the last 18 months. The firm has also onboarded approximately 20,000 merchants in GCC markets since January 2025.
The players
Paymob
A financial technology company that provides payment gateway services and merchant software solutions across the MENA region.
Mubadala
A sovereign investor that manages a diversified portfolio of global assets to drive long-term economic growth.
European Bank for Reconstruction and Development
A multilateral development bank that invests in private and public sector projects to support market economies.
The details
Paymob operates as a payments aggregator that integrates over 60 payment methods, including BNPL and local card networks, through a single API and dashboard. By streamlining the contract and technical integration process, the company reduces friction for SME merchants managing digital transactions. The firm recently expanded its regulatory footprint by securing a Retail Payment Services Licence from the Central Bank of the UAE.
Timeline
January 2025: Paymob secured a Retail Payment Services Licence from the Central Bank of the UAE.
Last 18 months: Consolidated revenue for Paymob increased by 3x.
September 21, 2026: The $35 million pre-Series C funding round was announced.
Market Landscape
Paymob is aligning its product development with the broader industry shift toward agentic commerce. This investment builds on the company's recent regional expansion trends and reinforces its positioning within the MENA fintech competitive landscape.
SME merchants operating in the MENA region should monitor Paymob's upcoming product rollout, as it may offer new tools to consolidate payment workflows. Operators should evaluate whether their current payment stack remains competitive compared to single-integration platforms.
The takeaway
Paymob's growth illustrates the premium placed on payment infrastructure that simplifies the complex landscape of 60+ regional payment methods. Operators should track how the firm’s new agentic commerce features impact their own merchant processing costs and operational workflows.
Further reading
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Do you believe increased investment in regional fintech platforms will improve your local digital economy?
