PayTabs offers online payment solutions that include online invoicing for customers who sell through their websites and social media accounts, e-commerce plugins, and API solutions for merchants that sell through online stores. PayTabs also provides an eStore platform, which is suitable for social sellers (Instagram, Facebook, and Twitter sellers) as well as others without an online store. As of March 2018, PayTabs provides its online payment solutions to businesses in more than twenty-one countries across the Middle East, North Africa and South East Asia, with support for over 160 currencies.
PayTabs started operating in April of 2014. The company was founded by Abdulaziz Aljouf, a Saudi entrepreneur based between the Kingdom of Saudi Arabia and the Kingdom of Bahrain. PayTabs was incorporated in the Kingdom of Saudi Arabia and is headquartered in the United Arab Emirates, with offices in Kingdom of Saudi Arabia, Bahrain, Egypt, Kuwait, Oman, Philippines and India.
In 2017, PayTabs was able to secure a total funding of upwards of 20 million US Dollars. With both Series A and Series B rounds of funding led by Saudi Aramco’s Entrepreneurship Venture Wa’ed, along-side other undisclosed investors.