PayTabs Global

PayTabs is an online, mobile, social & next generation payment processing powerhouse for merchants and super merchants.

General Information
Company Name
PayTabs Global
Founded Year
2014
Location (Offices)
Saudi Arabia +7
Founders / Decision Makers
Number of Employees
201
Industries
E-Commerce, Financial Services, Fintech +1
Funding Stage
Series B
Social Media

PayTabs Global - Company Profile

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.

Taxonomy: payment processing, online payments, mobile payments, social commerce, B2B solutions, POS solutions, payment gateway, digital invoicing, unified payments, global payments, acquisitions, MENA market, award-winning

Funding Rounds & Investors of PayTabs Global (2)

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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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