Paymob raises $35 million pre-Series C with Mubadala investing

Paymob raises $35 million pre-Series C with Mubadala investing

21 September 2026: Paymob, a payments company from Egypt, has raised a $35 million pre-Series C round, according to an announcement by Mubadala Investment Company, the Abu Dhabi sovereign investor, published on 21 September 2026.

The round

• Amount and stage: $35 million, pre-Series C, as stated in Mubadala's announcement.
• Investors: Mubadala invested; Wamda reported the round as co-led by Mubadala and the EBRD. Coverage also listed existing investors including PayPal Ventures, British International Investment, FMO, Kora Capital and Global Ventures.
• Use of the money: expansion across the Middle East and North Africa, scaling its core payment-acceptance business, and new products for small businesses and for what it calls agentic commerce, where AI agents make purchases.

What the company does

Paymob provides payment acceptance for merchants, mostly small and medium-sized businesses: online checkout, payment links, point-of-sale terminals and the processing behind them. Mubadala's announcement says Paymob serves more than 390,000 merchants, supports more than 60 payment methods through one integration, and has tripled its revenue over 18 months, with about half now coming from the Gulf, where it operates in the United Arab Emirates, Saudi Arabia and Oman.

Why it matters for buyers

Gulf and North African markets are moving quickly from cash to digital payments, encouraged by central banks, and small merchants need providers that support local cards, wallets and instalment schemes. A regional provider with licences in several countries can be simpler for a merchant selling across borders in the region than separate local arrangements.

What to check

• Merchants should compare settlement times, fees per payment method, and which local wallets and schemes are supported in each country.
• Finance and compliance should confirm which licensed entity they contract with in their country and how disputes and chargebacks are handled.
• Developers should review the API documentation and test environments before committing.

Company profile on TrustList: Paymob

Sources

• Mubadala: Mubadala invests in the $35 million pre-Series C round in Paymob - 21 September 2026
• Wamda: Paymob raises $35 million pre-Series C led by Mubadala and EBRD - 21 September 2026
• Disrupt Africa: Egyptian fintech startup Paymob raises $35m pre-Series C funding round - 30 September 2026
• Wamda - 22 September 2026