PayLater, Qatar’s leading licensed Buy Now, Pay Later platform, has closed a landmark 10 million dollar seed funding round. The raise marks a major milestone for the country’s fintech sector. It also signals strong investor confidence in Qatar’s fast growing digital payments market.
The round stands among the largest seed investments in Qatar’s startup history. It reflects rising demand for flexible and responsible consumer finance solutions.
Strong Investor Backing Signals Market Confidence
LuLu Alternative Investments Portfolio led the funding round. Qatar Development Bank and KBN Holding joined as strategic investors. A group of angel investors also participated.
This backing highlights several key factors:
- Strong trust in PayLater’s business model
- Confidence in Qatar’s fintech regulations
- Growing belief in BNPL adoption across the region
Support from regulated institutions strengthens PayLater’s position. Oversight from the Qatar Central Bank continues to enable innovation while ensuring financial stability.
Capital Deployment Across High Impact Sectors
PayLater will use the new capital to expand into priority sectors with strong consumer demand. The company aims to deepen its role in everyday spending categories.
Key focus areas include:
- Travel and tourism services
- Education and training programs
- Healthcare and wellness providers
PayLater also plans to launch new financial features. These tools will rely on advanced credit assessment systems. The goal is to improve risk management while expanding access for more users.
Product Expansion and Merchant Growth
PayLater continues to strengthen its core BNPL platform. The company will expand integrations across both digital and physical retail channels.
Planned initiatives include:
- Deeper e commerce platform integrations
- Wider acceptance across in store retail networks
- Improved merchant analytics and settlement tools
These upgrades help merchants increase conversion rates and average order values. They also give consumers more control over their spending decisions.
Rapid Traction in Less Than One Year
PayLater has shown strong early momentum since launch. In under twelve months, the platform has processed more than QAR 300 million in installment transactions.
Current performance highlights include:
- Over 80,000 active users
- Strong repeat usage across retail categories
- Growing merchant partnerships across Qatar
The company also secured a QAR 100 million credit facility. Qatar Islamic Bank and Al Rayan Bank provided the facility. This funding supports liquidity, scale, and operational resilience.
Leadership Vision for the Future
Mohammed Abdulaziz Al Delaimi, Co Founder of PayLater, described the round as validation of real market demand. He emphasized that PayLater is building long term financial infrastructure, not just a payment option.
The company aims to become Qatar’s preferred BNPL provider. It plans to do so through smart credit, responsible usage, and merchant focused growth.
PayLater’s progress reinforces Doha’s role as an emerging fintech hub. The seed round sets the stage for faster innovation and broader financial inclusion across the country.