Paymob Secures $90M to Fuel SME Growth and Revolutionize Digital Payments in MENA-P

Paymob is thrilled to announce it has successfully raised $90,000,000 in its latest funding round, a significant milestone that underscores investor confidence in our vision and rapid growth. As the leading financial services enabler in the MENA-P region, Paymob has dedicated itself to fueling SME growth through innovative digital payments solutions. This new capital injection will be pivotal in accelerating our mission to empower merchants by expanding our comprehensive omnichannel financial technology platform, which supports everything from online and offline payments to financial management and business expansion. Since our inception in 2015, we have pioneered the fintech sector in our markets, achieving several firsts, including being the inaugural fintech to secure the Central Bank of Egypt’s Payments Facilitator license and becoming the first international fintech to obtain Oman’s PSP license. Our expansion trajectory has been impressive, with strategic market entries in Pakistan, the UAE, and KSA, where we received Saudi Payments PTSP certification in May 2023. Today, our platform facilitates millions of transactions every day for renowned brands like Foodics, IKEA, Uber, and Shahid, along with over 390,000 merchants that trust us to power their financial ecosystem. The fresh funds will be strategically deployed to enhance our infrastructure, bolster market penetration, and further refine our suite of digital payments services. By investing in advanced technology and expanding our talented team across Egypt, KSA, the UAE, Oman, and Pakistan, we are setting the stage for the next phase of growth. This investment is not just a vote of confidence but a commitment to revolutionize how businesses manage their finances and scale success in an ever-evolving digital world.