THE MIDDLE EAST’S

20. Paymob

Description: Payment acceptance solutions
Headquarters: Egypt
Date of Establishment: 2015
Founders: Islam Shawky, Alain El Hajj, Mostafa Menessy

Paymob allows merchants to accept online and offline payments, make payments, and manage their finances. It serves over 250,000 businesses, including Vodafone, LG, Uber, Foodics, IKEA, Chalhoub Group, and Shahid. Through its gateway, point-of-sale terminals, and soft point-of-sale mobile app, Paymob offers over 40 online and in-store payment methods and facilitates transactions for over 18 million users through its payment rails. It operates in Egypt, Pakistan, the U.A.E., Saudi Arabia and Oman. The company has raised $68.5 million from investors, including PayPal Ventures, Kora Capital, Clay Point Capital, Global Ventures, FMO, A15, British International Investment, Helios Digital Ventures, and Nclude.