# Paymob Raises $35M for MENA Payment Expansion

> Paymob secures $35 million to boost payment coverage for small businesses across Middle East and North Africa
- Title: Paymob Raises $35M for MENA Payment Expansion · Pymnts
- Summary: Paymob secures $35 million to boost payment coverage for small businesses across Middle East and North Africa Paymob uses 40 payment options to solve payment…
- Keywords: paymob, mena, smb, fin tech, funding, mubadala, ebrd, egypt, united arab emirates, saudi arabia, oman, agentic commerce
- Source: Pymnts — https://pymnts.com/news/investment-tracker/fintech-investments/2026/paymob-secures-35-million-dollars-expand-payment-coverage-across-mena
- Author: PYMNTS
- Published: 2026-09-21T16:07:44+00:00
- Read time: 1 min
- Topics: paymob, mena, smb, fin tech, funding, mubadala, ebrd, egypt, united arab emirates, saudi arabia, oman, agentic commerce
## New Funding Round
Paymob secured $35 million in pre-Series C funding to expand payment coverage across MENA markets.

> Its platform simplifies a traditionally fragmented payments landscape by bringing more than 60 payment methods under a single contract, API, settlement cycle and dashboard.
## MENA Market Reach
Paymob operates in Egypt, UAE, Saudi Arabia, and Oman with over 390,000 merchants.
## Funding Details
The round was co-led by Mubadala and the European Bank for Reconstruction and Development.
## Business Impact
Paymob tripled revenues and grew Gulf Cooperation Council business seven times in 18 months.
## Founder's Goal
Paymob aims to fill payment gaps for small businesses in emerging markets with 40 payment options.
## Key takeaway

Paymob uses 40 payment options to solve payment gaps for small merchants in emerging markets