Paymob Overview Paymob is a leading fintech company based in Cairo, Egypt, founded in 2015. It specializes in providing digital payment solutions for businesses across the Middle East and Africa. Paymob is known for its innovative payment infrastructure, which enables merchants to accept both online and offline payments, manage finances, and grow their businesses through a comprehensive suite of services[1][3]. Key Features and Products - Payment Solutions: Paymob offers a range of payment solutions, including online payment gateways, point-of-sale (POS) systems, installments, and digital wallets. It also provides payment links that allow businesses to receive payments without needing a website[2][3]. - Partnerships: Paymob partners with major financial institutions to facilitate digital transformations in the payment process. It serves over 250,000 merchants and has partnered with prominent companies like Uber and IKEA[1][3]. Recent Developments and Funding - Funding: Paymob has raised a total of $68.5 million in funding, with its latest round being Series B. Investors include A15, Global Ventures, and PayPal Ventures[3]. - Expansion: Paymob has expanded its operations to Pakistan (2021), the UAE (2022), and received the Saudi Payments PTSP certification in May 2023, enabling operations in KSA. It also became the first international fintech company to receive Omans PSP license in December 2023[1]. Competitors and Market Position Paymob competes with other fintech companies in the region, such as Fawry, Hala, Khazna, and PayTabs. It is recognized for its role in driving digital financial inclusion and innovation in the MENA region[3].