PayTabs Group

PayTabs Group operates as a digital payment solutions provider, founded in 2014 in Dubai, United Arab Emirates. The company was established by Abdulaziz A. Abdulaziz Aljouf, who has a history of entrepreneurial ventures.PayTabs offers a comprehensive suite of digital payment solutions designed to enhance the ecommerce landscape for businesses and freelancers. Their core product is an omnichannel payment gateway that allows merchants to process local and international transactions seamlessly. This platform facilitates various payment methods, including credit and debit cards, digital wallets, and QR code invoicing, enabling businesses to cater to a diverse customer base. PayTabs also provides a unique solution known as Paymes, which allows freelancers to create online storefronts and receive payments through social media links and QR codes.PayTabs generates revenue primarily through transaction fees associated with its payment processing services, which are structured as a percentage of each transaction processed through its platform. The company employs a B2B model, partnering with merchants and businesses that utilize its payment gateway for ecommerce transactions. Additionally, it offers various pricing plans based on the volume of transactions and the types of services utilized, which may include subscription models for enhanced features offered through its platform. The company is also strategizing to expand into new markets, particularly focusing on increasing its presence in the African region and Southeast Asia by 2025, thereby broadening its global footprint.

1. Series B

   Aug 21, 2017

   Amount

   $20M

   Investors

   Locked

2. Series A

   Jan 1, 2014

   Amount

   Undisclosed

   Investors

   Locked