Incorporated in the Kingdom of Saudi Arabia with head operations in the Kingdom of Bahrain, leading payment processor PayTabs raised a $20 million investment to support its products and global expansion.
The expansion plan extends to 20+ markets in the next two years. The investment will support PayTabs’ expansion in the MENA region, Southeast Asia, India, and several countries within Africa and Europe. Additionally, PayTabs will invest in new product developments such as digital payments to support their current and future customers. PayTabs will also engage in key strategic acquisitions to further expand their portfolio of products and services.
Furthermore, PayTabs’ investment will be a significant contributor to local economic growth while also helping to potentially create 4000+ direct and indirect opportunities globally within the next two years.
Founder and Chief Executive Officer, Abdulaziz F. Al Jouf stated, “Our mission is to transform the face of financial services in infinite possibilities. PayTabs wants to provide secure and flexible financial solutions to small and medium enterprises, and large corporations to help them flourish and grow their revenue in multiples. We have started operations in 2014 in the Middle East, and we aim to expand into other markets to accomplish our mission globally by offering a solution that is different from what exists in the market right now.”
PayTabs is determined to continue innovating, and to fill the regional and global Fintech gap by leveraging its massive potential.
PayTabs is a convenient and secure online B2B payment solution provider that enables businesses to receive payments online through our agile technology suited for the current market.
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PayTabs caters to growing small and medium enterprises, large corporations and the e-commerce market by empowering them with a range of comprehensive payment solutions. The services provided have been customized and designed specifically to provide secure and flexible solutions to SMEs, and large corporations to help them grow their revenue streams sustainably. Its unique technology and exclusive partnerships with fraud prevention systems makes PayTabs a specialist in the field of electronic payments. PayTabs’ cutting-edge security management layers are certified by Visa and MasterCard
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