PayMob is a Payment Service Provider (PSP) which offers a suite of financial technology infrastructure to serve end-consumers and merchants and increase financial inclusion.
Paymob enables online and offline merchants to accept payments from their customers using different products and solutions.
Paymob was founded in 2015 by Islam Shawky, Alain El Hajj and Mostafa El Menessy. The company is headquartered in Cairo, Cairo, Egypt.
Paymob's platform helps online and offline merchants accept payments from their customers via several products and solutions. It offers a payment gateway that merchants can plug in to their sites or mobile application using its APIs.
Paymob also has a payment links feature where merchants share links with their customers to receive payments that are received using mobile wallets. Paymob’s product for offline retailers is a POS solution that comes with its own POS device enabling them to receive in-store card payments.
Paymob recorded a total payment volume of more than $5 billion from over 35,000 local and international merchants like Swvl, LG, Breadfast and Tradeline.
Paymob raised $15M in a new round on Apr 08, 2021. This is an extension of its previous $3.5M Series A finaning raised in Aug 2020. This brings Paymob's total funding to $18.5M to date. The round was led by Dubai-based VC firm Global Ventures. Other investors include Egyptian investment fund A15 and Dutch development bank FMO.