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PayTabs

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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.[1] 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​.[3][4]

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​,[5] with offices also located in UAE​ and India​.[6][7]

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.[8] The company is raising their 3rd round of funding in 2018.[9]

 

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Created: 08/12/2018 09:18:13 AM UTC
Last Modified: 08/12/2018 09:39:26 AM UTC