Paymob Secured $35 Million in Pre-Series C Funding
The investment will accelerate regional digital payment growth and support new tools for SME merchant commerce.
Updated on Sept. 21, 2026 in Startups
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Paymob has raised $35 million in a pre-Series C funding round led by Mubadala and the European Bank for Reconstruction and Development. The company plans to use the capital to scale its digital payment infrastructure and introduce new products for small and medium-sized enterprise merchants across the MENA region.
Why it matters
The funding follows a period of rapid expansion in the GCC market, where Paymob has seen revenues climb 7x over the last 18 months. This capital injection aims to sustain that growth trajectory while expanding product offerings to support emerging agentic commerce workflows.
Paymob provides access to over 60 different payment methods through a single integration. The platform currently serves approximately 20,000 merchants in the GCC region, a figure achieved since the company secured its Retail Payment Services Licence from the Central Bank of the UAE in January 2025.
The players
Paymob
A payment infrastructure provider that offers a unified platform for digital transactions and merchant management in the MENA region.
Mubadala
A sovereign investor that manages a global portfolio of assets across sectors like technology, infrastructure, and financial services.
European Bank for Reconstruction and Development
An international financial institution that invests in emerging economies to support private sector development and market integration.
The details
Paymob operates as a payment gateway, consolidating disparate financial services—including Buy Now, Pay Later (BNPL) providers, local card networks, and bank installment plans—into a unified platform. Merchants interact with this ecosystem through a single application programming interface (API — a set of definitions for building software) and one dashboard, which simplifies the integration process compared to managing multiple individual contracts.
Timeline
January 2025: Paymob secured a Retail Payment Services Licence from the Central Bank of the UAE.
Last 18 months: Consolidated revenue for the company increased by 3x.
September 21, 2026: The company announced its $35 million pre-Series C funding round.
The Tech Race
The regional competition for merchant digital payments has intensified as firms rush to consolidate diverse local payment methods under single platforms. Paymob's strategy of unifying these services marks a departure from traditional, fragmented payment processing models in the MENA region.
Small and medium-sized enterprise merchants in the MENA region will see new product features rollout in the coming periods as the company scales its roadmap. The firm is currently prioritizing the development of agentic commerce tools, which will require merchants to update their existing API integrations.
The takeaway
Paymob is betting its growth on the transition toward automated, agentic commerce platforms. Analysts should monitor the company's product roadmap for the release of these agentic tools, as they mark the next phase of its regional expansion strategy.
Further reading
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Do you believe increased investment in regional fintech platforms will improve your local digital economy?
