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PayTabs

PayTabs

PayTabs is a financial technology firm that provides payment processing and fraud prevention solutions for merchants and individuals across the MENA region.

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.

Origins

PayTabs started operating in 2014. The company was founded by Abdulaziz Aljouf, a Saudi entrepreneur. PayTabs was incorporated in the Kingdom of Saudi Arabia where it is headquartered and today has presence in the United Arab Emirates, Egypt, Jordan, India, Turkey and many other locales.

Investment

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.

Timeline

August 21, 2017
PayTabs raises a $20,000,000 series B round from Saudi Aramco.
January 1, 2017
PayTabs raises a $5,300,000 series B round from Saudi Aramco Entreprenuership Ventures.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Experience the power of PayTabs!

Web

February 17, 2020

Happy Oman National Day 2019 - اليوم الوطني العماني

Web

November 17, 2019

PayTabs 7th Anniversary Video: We Are PayTabs

Web

April 1, 2021

Start your e-commerce business in 24 hours,with PayTabs' digital payment solutions. Sell everywhere.

Web

Aug 22, 2021

UAE National Day 2019 - اليوم الوطني الإماراتي

Web

December 1, 2019

News

Title
Author
Date
Publisher
Description
PayTabs
April 22, 2021
www.prnewswire.com:443
/PRNewswire/ -- PayTabs, MENA's award-winning payment solutions powerhouse, today announced the launch of their PayTabs Touch product, globally known as Tap to...

References

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