Company Overview
Founded in 2015 and headquartered in Cairo, Egypt, Paymob is a leading fintech platform and payment gateway provider in the MENA (Middle East and North Africa) region. Co-founded by Islam Shawky, Alain Meier, and Mostafa Menessy, Paymob is dedicated to building digital payment infrastructure for the Middle East and Africa. The company offers omnichannel payment solutions covering online payments, mobile payments, QR code payments, and POS acquiring, serving over 250,000 merchants. Paymob is widely recognized as one of Egypt's largest fintech platforms.
Related providers: Paymob Payment Gateway
Core Products
| Product | Description |
|---|---|
| Online Payment Gateway | Credit/debit card processing supporting Visa, Mastercard, Meeza, and other card networks |
| Mobile Payment SDK | Native iOS and Android SDKs for in-app and mobile web payment processing |
| QR Code Payments | Static and dynamic QR code payment solutions for offline retail and micro-merchants |
| POS Acquiring | Smart POS terminals supporting card payments, QR codes, and NFC contactless payments |
| Installment Plans | Consumer installment payment options in partnership with multiple financial institutions |
| Paymob Wallet | Digital wallet service supporting top-ups, transfers, and online purchases |
Key Milestones
| Year | Event |
|---|---|
| 2015 | Founded by Islam Shawky and team in Cairo, Egypt |
| 2018 | Secured seed funding, launched online payment gateway product |
| 2020 | Raised Series A, expanded to Middle East and African markets |
| 2022 | Completed $50M Series B, became one of Egypt's highest-valued fintech companies |
| 2023 | Payment network expanded across MENA, serving 250,000+ merchants |
| Present | Continuing to expand product lines and market coverage, driving Africa's digital payment ecosystem |
Market Position
Paymob holds a leading position in the MENA payment market, competing with the following companies:
| Competitor | Description |
|---|---|
| Fawry | Egypt's largest e-payment platform, strong in local offline payments and bill payment |
| PayTabs | Middle Eastern payment gateway covering Saudi Arabia, UAE, and other countries |
| Flutterwave | Leading African payment infrastructure company, strong in West and East Africa |
| Interswitch | Nigerian payment giant with coverage across Africa's digital commerce ecosystem |
