Everipedia Logo
Everipedia is now IQ.wiki - Join the IQ Brainlist and our Discord for early access to editing on the new platform and to participate in the beta testing.
PayTabs

PayTabs

PayTabs is a financial technology firm that provides payment processing and fraud prevention services in the MENA region.

The company provides online payment services including invoicing and eCommerce plugins.

[0] PayTabs also offers an eStore platform for social sellers and sellers without an online Store.

As of March 2018, PayTabs provides services to businesses in more than 20 countries across the Middle East, North Africa, and South East Asia.

[2] [3]

History

PayTabs operation started in April 2014.

The company was founded by Abdulaziz Aljouf, a Saudi entrepreneur.

PayTabs was incorporated in the Kingdom of Saudi Arabia and is headquartered in the Kingdom of Bahrain, [4] with offices also located in UAE and India.

[5] [6]

Investment

In 2017, PayTabs secured funding of $20 million U.S.

Dollars from both Series A and Series B rounds of funding led by Saudi Aramco’s Entrepreneurship Venture “Wa’ed”, and other undisclosed investors.

[7] The company is raising their 3rd round of funding in 2018.

[8]

References

[1]
Citation Linkforbesmiddleeast.com"Top 20 Fintech Startups; Forbes Middle East".Forbesmiddleeast.com .2017-11-15 .Retrieved 2018-06-16 .
Aug 12, 2018, 9:19 AM
[2]
Citation Linkzawya.com"PayTabs is on the path to boost eCommerce; Thomson Reuters".Zawaya.com .2014-07-14 .Retrieved 2018-06-16 .
Aug 12, 2018, 9:28 AM
[3]
Citation Linkentrepreneur.com"Will Bahrain-based PayTabs be able to Facilitate India's Small and Medium Merchants?; Entrepreneur.com -".Entrepreneur.com .2018-03-09 .Retrieved 2018-06-16 .
Aug 12, 2018, 9:29 AM
[4]
Citation Linkwamda.com"New breed of payment gateways set to make Arab e-commerce accessible; Wamda".Wamda.com .2014-09-15 .Retrieved 2018-06-16 .
Aug 12, 2018, 9:29 AM
[5]
Citation Linksiteselection.comGary Daughters (September 2017)."Time to Innovate; Site Selection".siteselection.com .Retrieved 2018-07-23 .
Aug 12, 2018, 9:29 AM
[6]
Citation Linkbahrainedb.com"PayTabs Case Study; Bahrain Economic Development Board" (PDF).bahrainedb.com .2017-06-13 .Retrieved 2018-06-16 .
Aug 12, 2018, 9:30 AM
[7]
Citation Linkwaed.net"Wa'ed Ventures' Portfolio; Wa'ed - Saudi Aramco".waed.net .2017-08-23 .Retrieved 2018-06-16 .
Aug 12, 2018, 9:31 AM
[8]
Citation Linkarabnews.com"PayTabs raises $20m investment for global expansion; ArabNews".Arabnews.com .2017-08-28 .Retrieved 2018-06-16 .
Aug 12, 2018, 9:32 AM
[9]
Citation Linkzawya.com"Bahrain based startup seeks 3rd round of funding; Thomson Reuters".Zawaya.com .2018-04-09 .Retrieved 2018-06-16 .
Aug 12, 2018, 9:32 AM