Qpay.om

Founded in 2022 and headquartered in Muscat, Oman, Qpay LLC provides a flexible BNPL payment solution designed to align with Islamic Sharia principles. The company has executed one deal to date, with its most recent transaction occurring on October 10, 2024.Qpay specializes in providing a Buy Now, Pay Later (BNPL) payment solution that allows consumers to split their purchases into four interest-free payments or extend repayment over 12 months. The company's primary clientele includes consumers seeking flexible payment options for better financial management, while merchants benefit by receiving full payment upfront.Qpay generates revenue through transaction fees charged to merchants participating in its BNPL program. When a consumer makes a purchase using Qpay's services, the merchant receives the full transaction amount immediately, while the consumer repays Qpay in installments. This structure fosters a mutually beneficial relationship where businesses can attract more customers by offering flexible payment options. Qpay's model primarily operates on a B2B basis, partnering with various retailers to provide this payment solution. As part of its growth strategy, Qpay is exploring the launch of additional features and services tailored to meet consumer needs in the coming months.

1. Seed

   Oct 10, 2024

   Amount

   Undisclosed

   Investors

   Locked