Paymob

On a mission to build the infrastructure that powers the digital economy

General Information
Company Name
Paymob
Founded Year
2015
Location (Offices)
Egypt +4
Founders / Decision Makers
Number of Employees
1092
Industries
Financial Services, Fintech, Payments
Funding Stage
Series B
Social Media

Paymob - Company Profile

Paymob is a leading financial services enabler in the MENA-P region, with a mission to fuel SME growth by offering a comprehensive payments infrastructure. The omnichannel financial technology platform facilitates online and offline payments, financial management, and business growth for over 390,000 merchants across Egypt, KSA, the UAE, Oman, and Pakistan. Since its establishment in 2015, Paymob has achieved significant milestones, including being the first fintech company to receive the Central Bank of Egypt’s (CBE) Payments Facilitator license in 2018. The company expanded operations to Pakistan in 2021 and the UAE in 2022, and obtained the Saudi Payments PTSP certification in May 2023, paving the way for operations in KSA. In December 2023, Paymob became the first international fintech company to obtain Oman’s PSP license, and in 2025, it received the Central Bank of the UAE's Retail Payment Services license, allowing the provision of solutions to UAE merchants.

With its latest $22.00M Series B investment on 11 September 2024, Paymob attracted a consortium of prominent investors including A15, Endeavor Catalyst, CDC Group, FMO, Helios Investment Partners, Nclude, EBRD Venture Capital, and PayPal Ventures. By catering to the financial technology needs of both established names like Foodics, IKEA, Uber, and Shahid as well as thousands of SMEs, Paymob has solidified its position as a key player in the financial services, fintech, and payments industries.

Headquartered in Egypt, with a workforce of 1,100 team members

Taxonomy: digital payments infrastructure, omnichannel payments, SME growth, financial services enabler, payments facilitator, online and offline payments, merchant services, financial inclusion, mobile wallets, ecommerce solutions, payment processing, digital economy, MENA-P region

Funding Rounds & Investors of Paymob (5)

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Funding Stage Amount No. Investors Investors Date
Series B $22.00M 8 EBRD Venture Capital, PayPal Ventures 11 Sep 2024
Series B $50.00M 10 PayPal Ventures 09 May 2022
Series A $15.00M - 08 Apr 2021
Series A $3.50M - 11 Aug 2020
Venture Round Unknown - 02 Sep 2016

Latest News of Paymob

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No recent news or press coverage available for Paymob.

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