When was Next Payments founded?

Next Payments was founded in 2012.

Where is Next Payments located?

Next Payments is headquartered in Kuwait City, Kuwait.

Is Next Payments a funded company?

Next Payments is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Next Payments rank among its competitors?

Next Payments ranks 430th amongst 1506 active competitors, of which 152 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Curve, which secured $47.9M in Mar, 2025.

Who are the top competitors of Next Payments?

Next Payments' top competitors include Grab, Paytm and FamApp. Among them, Curve secured the most recent funding round in March, 2025.

Next Payments - 2026 Company Profile, Team & Competitors

Next Payments is a deadpooled company based in Kuwait City (Kuwait), founded in 2012 by Hussain Almohri. It operates as a Token-based prepaid mobile payments. The company has 1506 active competitors, including 152 funded and 71 that have exited. Its top competitors include companies like Grab, Paytm and FamApp.

Company Details

A mobile payment service working on a prepaid token-based system. The system interface is described in two apps: Next Business - For merchants and business owners to accept money with mobile Next Pay - For customers to pay with mobile Next Payments takes 2.5% transaction fee, and has no setup costs or monthly fees associated with its usage. The money is transferred to merchant’s bank account in one business day. Next Pay users can recharge their accounts using locally issued debit cards in Kuwait, in order to conduct payments. Also offers a system to track sales and evaluation of business and employees.

Website: nextkw.com
Social
Email ID: *****@techkw.com
Phone Number: +965 **********

Key Metrics

Founded Year

2012

Location

Kuwait City, Kuwait

Stage

Deadpooled

Ranked

430^th among 1506 active competitors

Similar Companies

Grab & 1924 more

View Next Payments' full profile

Next Payments has not raised any funding rounds yet.

The founders of Next Payments is Hussain Almohri. Sam Agosta is the CEO of Next Payments.

Here are the details of Next Payments' key team members:

Hussain Almohri: Co-Founder of Next Payments.
Sam Agosta: CEO of Next Payments.

View details of Next Payments's Founder profiles and Board Members

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Top competitors of Next Payments include Grab, Paytm and FamApp. Here is the list of Top 10 competitors of Next Payments, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Grab 2012, Singapore (Singapore), Public	Operator of a platform providing ride-hailing, food delivery, and payment services	$10.4B	DiDi, SoftBank Group & 104 others	88/100
2nd	Paytm 2000, Noida (India), Public	Digital payment platform offering financial services, recharges and more	$3.16B	Alibaba Group, Berkshire Hathaway & 78 others	81/100
3rd	FamApp 2019, Bengaluru (India), Series A	Provider of teen and adult spending accounts with UPI and card payments	$42.7M	Global Founders Capital, Venture Highway ... & 15 others	77/100
4th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	New Enterprise Associates, RRE Ventures & 8 others	76/100
5th	RecargaPay 2004, Sao Paulo (Brazil), Series C	Mobile wallet and prepaid card provider	$127M	IDC Ventures, IFC & 26 others	76/100
6th	MoneyGram 1940, Dallas (United States), Acquired	Provider of global money transfer and payment services for individuals	-	Goldman Sachs, Ripple & 3 others	75/100
7th	Curve 2015, London (United Kingdom), Acquired	Provider of a digital wallet that consolidates cards and boosts value	$323M	Cohen Circle, IDC Ventures & 105 others	75/100
8th	bKash 2011, Dhaka (Bangladesh), Series C	Mobile financial services and payment system for consumers	$261M	SoftBank Vision Fund, Alipay & 3 others	73/100
9th	MOVii 2002, Bogota (Colombia), Series C	Card-linked and app-based wallet for individuals	$32M	Square, Hard Yaka & 2 others	73/100
10th	YouTrip 2018, Singapore (Singapore), Series B	NFC-enabled travel cards and multi-currency wallet transfer service for travelers	$106M	Insignia Ventures Partners, Lightspeed Venture Partners ... Read more	71/100
430th	Next Payments 2012, Kuwait City (Kuwait), Deadpooled	Token-based prepaid mobile payments	-	-	33/100