$125 MILLION+ RAISED. 390,000+ MERCHANTS. REVENUE TRIPLED IN 18 MONTHS. FROM AN EGYPTIAN STARTUP TO A REGIONAL PAYMENTS POWERHOUSE. The bigger story is how Islam Shawky, co-founder and CEO of Paymob, is helping build one of the Middle East and North Africa's most ambitious digital payments businesses. Founded in 2015 alongside Alain El Hajj and Mostafa Menessy, Paymob has expanded from Egypt into the UAE, Saudi Arabia and Oman.
The numbers reflect its remarkable growth: $125 million+ in cumulative funding announced. $35 million secured in its latest round, co-led by Mubadala and EBRD. 390,000+ merchants served across four markets. 3x revenue growth over 18 months. 7x revenue growth in Gulf markets over the same period.
With more than 60 payment methods integrated into one platform, Paymob is helping businesses access the digital economy through simpler, more connected payment infrastructure. For Islam Shawky and his co-founders, the achievement goes beyond raising capital. They have built an Egyptian technology business attracting international investors, expanding across borders and supporting hundreds of thousands of merchants.
Africa's fintech success is no longer measured by how much capital startups raise alone, but by how many businesses they empower and how far their technology can scale.
