About Paymob
Paymob is a company based in Cairo (Egypt) founded in 2014 by Islam Shawky and Alain El Hajj.. Paymob has raised $90.63 million across 5 funding rounds from investors including PayPal, Helios Investment Partners and FMO. Paymob operates in a competitive market with competitors including Flutterwave, Network International, UnionPay Intl, Equiniti and Souhoola, among others.
- Headquarter Cairo, Egypt
- Founders Islam Shawky, Alain El Hajj
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$90.63 M (USD)
in 5 rounds
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Latest Funding Round
$22 M (USD), Series B
Sep 11, 2024
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Investors
PayPal
& 12 more
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Employee Count
Employee Count
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Funding Insights of Paymob
Paymob has successfully raised a total of $90.63M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $22 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $22.0M
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First Round
First Round
(01 Jul 2020)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - Paymob | Valuation | EBRD | |
| May, 2022 | Amount | Series B - Paymob | Valuation | PayPal , Kora | |
| Mar, 2022 | Amount | Series A - Paymob | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Paymob
Paymob has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include PayPal, Helios Investment Partners and FMO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage tech investments are made in Europe and Asia.
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Founded Year | Domain | Location | |
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Endeavor is focused on supporting high-impact entrepreneurs globally.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paymob
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Paymob
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paymob Comparisons
Competitors of Paymob
Paymob operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Network International, UnionPay Intl, Equiniti and Souhoola, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Network International is recognized as a leading digital payment provider in the Middle East and Africa.
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| domain | founded_year | HQ Location |
Mobile and online payment solutions are provided for banks.
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| domain | founded_year | HQ Location |
Financial technology and payment processing solutions are provided by Equiniti.
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| domain | founded_year | HQ Location |
Offers an app-based platform for consumer finance and merchant payment management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paymob
Frequently Asked Questions about Paymob
When was Paymob founded?
Paymob was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is Paymob located?
Paymob is headquartered in Cairo, Egypt.
Who is the current CEO of Paymob?
Islam Shawky is the current CEO of Paymob. They have also founded this company.
Is Paymob a funded company?
Paymob is a funded company, having raised a total of $90.63M across 5 funding rounds to date. The company's 1st funding round was a Series A of $125K, raised on Jul 01, 2020.
What does Paymob do?
Paymob was founded in 2014 in Cairo, Egypt, within the fintech sector. Operations focus on payment processing for businesses, encompassing an online gateway for accepting and sending payments, POS terminals for in-store use, payment links shared via digital channels, and payout systems for distributing funds to suppliers and employees. Services support both e-commerce and physical retail environments across regional markets.
Who are the top competitors of Paymob?
Paymob's top competitors include Flutterwave, Network International and Equiniti.
Who are Paymob's investors?
Paymob has 13 investors. Key investors include PayPal, Helios Investment Partners, FMO, British International Investment, and EBRD VCIP.