PayTabs is a powerhouse in online, mobile, social, and next-generation payment processing for merchants and super merchants. Founded in 2014 by Saudi entrepreneur Abdulaziz Al Jouf, the company has achieved significant milestones. It has processed transactions in multiple currencies and markets, offering seamless e-commerce and social commerce solutions for businesses. In 2021, PayTabs launched PT Touch, the first soft POS solution in the MENA market, transforming smartphones into merchant point-of-sale terminals. In 2022, it launched its globally validated unified payments and transaction processing platform, PayTabs SwitchOn®, pioneering next-generation payments. Additionally, the company acquired Digital Pay, a Saudi point-of-sale company, and Paymes, a social commerce platform in Türkiye. Notably, in early 2023, PayTabs received payment gateway certification from Saudi Payments and was honored as MENA's Best Merchant Solution and the Fintech Company of the Year. The company's footprint extends across the GCC, including the UAE and Saudi Arabia, as well as other key markets such as Turkey, India, and Egypt. This significant growth has also been backed by key investments, including a $20.00M Series B investment in August 21, 2017, led by Saudi Aramco. PayTabs' dedication to innovation and expansion has positioned it as a leading player in the e-commerce, financial services, fintech, and payments industries.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $20.00M | 1 | Saudi Aramco | 21 Aug 2017 |
Series B | $5.33M | 1 | Saudi Aramco Entrepreneurship Ventures | 01 Jan 2017 |
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