# Paymob Solutions S.A.E

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paymob-solutions-s-a-e

- Industry: Financial Services
- Headquarters: Cairo, Egypt
- Website: www.paymob.com
- Total disclosed funding: $91M
- Latest round: Series B (Sep 11, 2024)
- Investors on record: 12

## About

Based in Cairo, Egypt, founded in 2015, Paymob Solutions S.A.E operates an online payment software that offers different financial solutions. As of 2021, the company staffs over 20 employees and processes 85% of the mobile wallet transactions in Egypt along with operations in Kenya, Pakistan, and Palestine. The company was co-founded by Islam Shawky (CEO as of 2026), Alain El Hajj and Mostafa Menessy. In September 2026, Paymob Solutions S.A.E raised USD 35 million in pre-series C funding co-led by Mubadala Capital and EBRD, with participation from British International Investment, Global Ventures and Development Partners International.

The company develops and operates an online payment platform that allows users to pay for online transactions of goods and services on different platforms. The company provides solutions for accepting money such as point-of-sale, payment links for businesses to accept payment without their website, and banked and unbanked installation programs along with real-time interactive dashboards. The software also controls billing cycles and enables monthly recurring payments that use Paymob tokenization mode to charge customers for authorized recurring payments. Paymob also offers Marketplace, an online platform to accommodate different business models such as e-commerce and a booking and ticketing platform to accept and distribute payouts automatically as well as onboarding processes, payout timings, complex money movement and integrated financial reporting. 

Paymob Solutions also enables digitized mass payouts to the unbanked workforce, freelancers and other service providers. The company features a digital wallet function that charges users only when the transaction occurs. The firm uses 3D secure authentication for fraud management, security, integration and end-to-end cash on delivery solutions.

The company generates revenue by selling its software to businesses and the personal use of individuals through its standard and enterprise pricing solutions. Designed for startups, small and medium enterprises, the standard plans start at 2.75% + 3 EGP per transaction. 

The company plans to use the September 2026 funding to expand across MENA, enhance its payments infrastructure for agentic commerce, and develop new AI-powered products for SMEs across its merchant network.

## Funding rounds

- Series B, Sep 11, 2024, $22M — Netherlands Development Finance Company (FMO), British International Investment, Endeavor Catalyst, EBRD, A15, PayPal Ventures, Nclude, Helios Digital Ventures Advisors
- Series B, May 9, 2022, $50M — Netherlands Development Finance Company (FMO), British International Investment, Kora Management, A15, Global Ventures, PayPal Ventures, Clay Point Investors, Nclude, Helios Digital Ventures
- Series A, Apr 8, 2021, $15M — Netherlands Development Finance Company (FMO), A15, Global Ventures
- Series A, Aug 11, 2020, $3.5M — Netherlands Development Finance Company (FMO), A15, Global Ventures

## Investors

- Netherlands Development Finance Company (FMO) — Series A, Series B
- A15 (https://capitalatlas.ai/funds/a15) — Series A, Series B
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Series A, Series B
- British International Investment — Series B
- Kora Management — Series B
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series B
- Clay Point Investors (https://capitalatlas.ai/funds/clay-point-investors) — Series B
- Nclude (https://capitalatlas.ai/funds/nclude) — Series B
- Helios Digital Ventures — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- EBRD (https://capitalatlas.ai/funds/ebrd) — Series B
- Helios Digital Ventures Advisors — Series B