PayLater Secures USD 10M Seed Round
PayLater, Qatar’s leading and licensed Buy Now, Pay Later (BNPL) platform, has announced the successful closing of a USD 10 million Seed funding round, ranking among the largest seed-stage investments in the history of Qatar’s startup ecosystem.
The round was led by LuLu Alternative Investments Portfolio, with strategic participation from Qatar Development Bank and KBN Holding, alongside a group of angel investors, underscoring growing confidence in Qatar’s rapidly evolving digital payments landscape.
The newly secured capital will be deployed to accelerate PayLater’s expansion across key verticals including travel, education, and healthcare, while continuing to enhance its product suite through the launch of new financial features powered by advanced credit assessment technologies.
In parallel, PayLater plans to strengthen its strategic partnerships with e-commerce platforms and physical retail networks, enabling broader market reach and deeper integrations across Qatar’s retail ecosystem.
Commenting on the milestone, Mohammed Abdulaziz Al-Delaimi, Co-Founder of PayLater, said:
“Closing a USD 10 million funding round at this stage is a strong validation of the real demand for flexible and responsible financial solutions in the Qatari market. We are not simply offering a payment method; we are building a financial infrastructure that enables consumers to manage their purchases intelligently while supporting merchants in achieving tangible sales growth. This funding provides the momentum needed to establish PayLater as the preferred BNPL choice in Qatar.”
Within less than a year of operations, PayLater has facilitated over QAR 300 million in installment-based transactions, serving more than 80,000 users. The company has also secured a QAR 100 million credit facility from Qatar Islamic Bank and Al Rayan Bank, supporting its ongoing expansion and operational growth.
About PayLater
PayLater was established as Qatar’s first Qatar Central Bank–licensed BNPL platform, operating within local regulatory frameworks to deliver a secure, transparent, and Shari’a-compliant shopping experience. The platform enables customers to split purchases into equal installments with no interest or hidden fees, contributing to enhanced purchasing power and the growth of Qatar’s digital economy.
