BUREN advised Mubadala Investment Company (“Mubadala”) as local Dutch counsel on Dutch law aspects in connection with its investment in Paymob, a leading payments infrastructure service provider in the MENA region.
Paymob raised USD 35 million in a pre-Series C funding round.
Founded in 2015, Paymob offers businesses an omnichannel payments platform enabling them to accept online and offline payments, execute transactions and manage their finances – all through a single technology layer. The platform provides access to more than 60 payment methods through one contract, one API and one dashboard. Paymob serves over 390,000 merchants across four markets: Egypt, the UAE, Saudi Arabia and Oman.
Paymob CEO Shawky says: "This Pre-Series C funding round will help us accelerate our growth plan across the MENA region and fast-track our product roadmap to become the go-to payments platform for agentic commerce. We are very excited about Mubadala joining our cap table and grateful for the continued support of our existing shareholders.”