Paymob Raises $35 Million Pre-Series C Led by Mubadala and EBRD

Egyptian payments company Paymob has closed a $35 million pre-Series C round co-led by Mubadala and the European Bank for Reconstruction and Development, with the company reporting that its GCC operations now account for nearly half of group revenue. The raise follows what Paymob describes as a sevenfold revenue increase and is intended to deepen merchant payments infrastructure across MENA.