Paymob Raised $35 Million in Pre-Series C Round
The payment facilitator secured new funding to scale its digital payment operations across the MENA region.
Updated on Sept. 21, 2026 in Startups
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Paymob has raised $35 million in a pre-Series C funding round co-led by Mubadala and the European Bank for Reconstruction and Development. The capital will be used to accelerate regional growth and launch new products for small and medium-sized enterprise merchants.
Why it matters
This investment provides the resources needed to expand Paymob's digital payments infrastructure and expedite its product roadmap. The company aims to support agentic commerce while scaling its reach within the competitive financial technology market.
Paymob reported that consolidated revenues increased by 3x over the last 18 months, while revenues in the GCC grew by 7x during the same period. The company now offers access to over 60 payment methods through a single integration.
The players
Paymob
Paymob is a financial technology company that provides payment facilitation services to merchants.
Mubadala
Mubadala is a sovereign wealth fund based in the United Arab Emirates that invests in various global sectors.
European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development is an international financial institution that supports project financing.
Central Bank of the UAE
The Central Bank of the UAE is the regulatory authority responsible for monetary policy and financial licensing in the country.
The details
Paymob offers merchants a platform that consolidates buy-now-pay-later providers, local card networks, and bank installment solutions via a single API and dashboard. Since January 2025, the firm has onboarded approximately 20,000 merchants across GCC markets.
Timeline
In January 2025, Paymob secured a Retail Payment Services Licence from the Central Bank of the UAE.
Over the last 18 months, Paymob saw consolidated revenues increase by 3x.
On September 21, 2026, the company announced its $35 million pre-Series C funding round.
Market Landscape
This funding underscores the ongoing expansion of the digital payments ecosystem in the MENA region. Paymob's ability to attract major investors positions it as a significant player in the race to consolidate fragmented payment methods into streamlined merchant platforms.
Merchants using the platform may gain access to a wider array of payment tools, including new products for SME support. These developments aim to simplify transaction management, potentially reducing the operational overhead for businesses using the service.
The takeaway
The firm's rapid revenue growth highlights the rising demand for integrated financial technology solutions among regional merchants. Businesses looking to modernize their payment capabilities can expect more unified tools as the company pursues its expanded product roadmap.
Further reading
For more on the latest venture capital activity, visit the Startups section.
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Do you believe increased investment in regional fintech platforms will improve your local digital economy?
