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- Paymob
Paymob Funding, Investors & Competitors
Paymob has raised $126M across 5 funding rounds, most recently a $35M Series C in September 2026.
Last Paymob funding round
$35M
Series C · Sep 2026
Cumulative funding Paymob raised
$126M
across 5 funding rounds
Key investors in Paymob
FMO
Global Ventures
A15
British International Investment
Capria Ventures
Helios Fairfax Partners
Nclude
Endeavor Catalyst
About Paymob
Paymob is a Cairo-headquartered digital payments enabler founded in 2015 for the Middle East and Africa. It provides gateways, POS devices, and online checkout for SMEs, accepting Visa, Mastercard, and local wallets like Fawry. Paymob processes for 100,000+ merchants including talabat and noon, holding licenses from Egypt's CBE and UAE's DFSA.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Paymob Funding History
Paymob has raised a total of $126M across 5 funding rounds.
Paymob's first fundraising round was a $4M Series A in August 2020. The most recent completed round was a $35M Series C in September 2026.
Paymob funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2026 | Series C | European Bank for Reconstruction and Development (lead); Mubadala (lead); British International Investment; Development Partners International; Global Ventures | $35M | - |
| Sep 2024 | Series B | EBRD Venture Capital (lead); Nclude; A15; FMO; Helios Fairfax Partners; British International Investment; Endeavor Catalyst | $22M | Paymob, an Egypt-based financial services enabler founded in 2015 by Islam Shawky, Alain El Hajj, and Mostafa El Menessy, provides omnichannel digital payment solutions to online and offline merchants across MENA, including over 50 payment methods via its gateway, POS terminals, and app. The company serves nearly 350,000 merchants, holds the first payments facilitator license from Egypt's Central Bank of Egypt (2018), PTSP certification from Saudi Arabia's SAMA (2023), and Oman's PSP license (2024), with launches in UAE (2022) and expansions into GCC markets. On September 11, 2024, Paymob closed a $22 million Series B extension round led by EBRD Venture Capital, with participation from Endeavor Catalyst and existing investors including PayPal Ventures, British International Investment (BII), FMO, A15, Nclude, and Helios Digital Ventures (also listed as Helios Fairfax Partners), bringing total Series B funding to $72 million after the initial $50 million round in Q2 2022 led by Kora Capital, PayPal Ventures, and Clay Point. This extension follows a prior $18.5 million Series A, pushing total funding over $90 million, with proceeds aimed at accelerating GCC rollout, deepening Egypt penetration, enhancing products like embedded checkout on Shopify and WooCommerce, and supporting SME growth amid MENA's shift to non-cash payments. Paymob reports continued profitability in its core Egypt market and six times revenue growth since the initial Series B in 2022, alongside a 3.5-fold merchant base increase. The company positions itself as a market leader powering regional digital economy infrastructure. |
| May 2022 | Series B | Clay Point Investors (lead); Kora (lead); Nclude; A15; FMO; Helios Fairfax Partners; Capria Ventures; British International Investment; Global Ventures | $50M | Paymob is an Egyptian fintech providing payment solutions, including gateways, POS terminals, and apps, enabling digital payments for merchants across MENA, starting with e-commerce and SMBs. It raised $50 million in its initial Series B round in Q2 2022, co-led by Clay Point Investors and Kora, with participation from investors like PayPal Ventures, participating in the round described. This was the largest Series B for an Egyptian fintech, bringing total funding to $68.5 million at the time, used to expand products like mobile wallets, QR payments, BNPL, and Tap-on-Phone, while growing merchants 4x in 2021 to over 100,000 and planning regional expansion. Post-round, Paymob expanded into GCC markets like Oman, Saudi Arabia, and UAE, tripling merchants to over 300,000 by 2024 and launching 50 payment methods plus Shopify integrations. In 2024, it closed a $22 million Series B extension led by EBRD Venture Capital, taking total Series B to $72 million with existing investors like BII, FMO, A15, Nclude, and Helios, overall funding over $90 million. Funds supported app launch in 2023 and growth strategy. Paymob achieved profitability in Egypt in Q2 2024, with revenues growing 6x since mid-2022, driven by cross-selling to merchants and efficient scaling with around 1,000 employees. |
| Apr 2021 | Series A | Global Ventures (lead); A15; FMO; Capria Ventures | $15M | Paymob is an Egypt-based fintech startup founded in 2015 that provides online and offline merchants with digital payment solutions, serving 35,000 merchants across Egypt, Kenya, Pakistan, and Palestine as of April 2021. The company completed an $18.5 million Series A funding round led by Global Ventures, with participation from A15 and FMO, consisting of a $3.5 million tranche in July 2020 and an additional $15 million. This marked the largest Series A round in Egypt at the time. Paymob's revenues grew 5x in 2020, driven by pandemic-related demand and regulatory initiatives supporting cashless payments. The funds were allocated to expand the merchant network, enhance products, meet demand, and pursue regional growth in Africa and the GCC. |
| Aug 2020 | Series A | FMO (lead); Global Ventures (lead); A15; AMK Investment Office | $4M | Paymob is an Egyptian fintech providing digital payment solutions, including payment APIs and POS for merchants, operating in Egypt, Kenya, Pakistan, Jordan, and Palestine. In July 2020, it raised $3.5 million in the first tranche of its Series A round led by Global Ventures and FMO, with participation from A15. This funding aimed to accelerate expansion into more African and GCC markets and enhance digital payment offerings for underserved SMEs. The round positioned Paymob as a leader in Egypt's mobile wallet infrastructure, capturing over 85% of transactions and serving more than 35,000 merchants across sectors. In 2020, Paymob processed over $5 billion in total annual payments and achieved more than 5-fold monthly revenue growth amid rising digital payment adoption. The $3.5 million tranche was later extended with an additional $15 million from the same investors in 2021, completing an $18.5 million Series A, the largest for an Egyptian fintech at the time, to expand merchant networks and products regionally. |
Who has invested in Paymob?
15 investors have backed Paymob across its funding rounds, including FMO, Global Ventures, A15, British International Investment, Capria Ventures and Helios Fairfax Partners.
Lead investors include European Bank for Reconstruction and Development, Mubadala, EBRD Venture Capital, Clay Point Investors, Kora and 2 other investors.
Paymob Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Aug 2020 | ||
| 4 | Lead | Aug 2020 | ||
| 4 | Lead | Aug 2020 | ||
| 3 | Participant | May 2022 | ||
| 2 | Participant | May 2022 | ||
| 2 | Participant | May 2022 | ||
| 2 | Participant | Apr 2021 | ||
| 1 | Lead | May 2022 | ||
| 1 | Lead | Sep 2024 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Sep 2024 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Lead | Sep 2026 | ||
This data is available for Pro users. Sign up to see all 15 Paymob investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPaymob Competitors
Paymob competitors include listed companies like PayPal, Kaspi.kz and Nexi, and private ones like Stripe, Checkout.com and Mollie.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $6.9B | - | $159B | 23.0x | ||
| Publicly listed | $33B | $7.2B | $45B | 1.4x | ||
| Publicly listed | $9B | $3.1B | $18B | 1.9x | ||
| Private | $47M | - | $12B | - | ||
| Private | $246M | - | $6.5B | 26.4x | ||
| Publicly listed | $7.2B | ($2.3B) | $5.6B | 1.0x |
Paymob Public Comps
Paymob is still privately-owned, but its public comps include Visa, Mastercard, American Express, PayPal, Block, Adyen, Fiserv, Circle, Global Payments and Kaspi.kz.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $40B | $26B | 17.2x | 15.1x | 26.5x | 21.5x | |||
| $33B | $20B | 15.4x | 14.0x | 24.6x | 22.1x | |||
| $72B | - | 3.0x | 2.8x | - | - | |||
| $33B | $7.2B | 1.4x | 1.4x | 6.6x | 6.8x | |||
| $24B | $2.2B | 1.6x | 1.6x | 18.2x | 9.1x | |||
| $3B | $1.4B | 5.9x | 5.6x | 12.3x | 10.7x | |||
| $21B | $8.9B | 2.5x | 2.7x | 5.9x | 6.2x | |||
| $2.7B | ($73M) | 7.8x | 7.3x | (296.6x) | 32.0x | |||
This data is available for Pro users. Sign up to see all Paymob competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Paymob
| When was Paymob founded? | Paymob was founded in 2015. |
| Where is Paymob headquartered? | Paymob is headquartered in Cairo, Egypt. |
| Is Paymob publicly listed? | No, Paymob is a private, VC-backed company. |
| How much funding has Paymob raised? | Paymob has raised $126M across 5 funding rounds. |
| What was Paymob's last funding round? | Paymob's last funding round was a $35M Series C in September 2026, led by European Bank for Reconstruction and Development and Mubadala. |
| Who are Paymob's investors? | Paymob's investors include A15, FMO, Global Ventures, British International Investment, Nclude, Helios Fairfax Partners, Capria Ventures, Kora, EBRD Venture Capital, AMK Investment Office and 5 others. |
| Which companies are comparable to Paymob? | Companies comparable to Paymob include Stripe, PayPal, Kaspi.kz, Checkout.com, Mollie and Nexi. |
See companies similar to Paymob
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