PayLater operates a regulated BNPL service in Qatar, allowing shoppers to finance purchases at the point of sale while merchants receive immediate payment. Within its first year of operation, the platform facilitated more than QAR 300 million (≈ USD 82 million) in installment transactions and amassed a user base exceeding 80,000 customers. The company holds Qatar’s first BNPL license, positioning it as an early mover within a clearer regulatory framework for consumer credit in the country. New capital will fund expansion into travel, education, and healthcare verticals and deepen integrations with major e-commerce sites and brick-and-mortar retail networks. PayLater also plans to add new financial features powered by advanced credit-assessment technology to manage risk as it scales. Complementing its equity raise, the startup secured a QAR 100 million credit facility from Qatar Islamic Bank and Al Rayan Bank to bolster liquidity for growth. By combining regulatory approval, growing merchant coverage, and institutional funding, PayLater aims to capture a larger share of Qatar’s rapidly developing embedded-finance market.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2026