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. 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.
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, with offices also located in UAE and India.
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. The company is raising their 3rd round of funding in 2018.