PayLater - About the company
PayLater is a seed company based in Ar Rayyan (Qatar), founded in 2023. It operates as a Platform offering pay-later solutions. PayLater has raised $10M in funding from LuLu Financial Holdings. The company has 300 active competitors, including 72 funded and 50 that have exited. Its top competitors include companies like Klarna, Square and Tabby.
Company Details
Platform offering pay-later solutions. The platform provides a Sharia-compliant buy now, pay later solution that enables customers to shop online without interest. It offers a range of consumer purchasing solutions, including payment plans.
- Website
- paylaterapp.com
- Social
Key Metrics
Founded Year
2023
Location
Ar Rayyan, Qatar
Stage
Seed
Total Funding
$10M in 2 rounds
Latest Funding Round
Investors
Ranked
24th among 300 active competitors
Employee Count
32 as on Sep 30, 2026
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PayLater's funding and investors
PayLater has raised a total funding of $10M over 2 rounds. Its first funding round was on May 28, 2025. Its latest funding round was a Seed round on Jan 30, 2026 for $*****. 3 investors participated in its latest round. PayLater has 3 institutional investors.
Here is the list of recent funding rounds of PayLater:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 30, 2026 | 8565504 | Seed | 7444106 | 7692983 | 3597970 | 8576724 |
May 28, 2025 | 9064559 | Seed | 5627992 | 4596596 | 2973729 |
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PayLater's founders and board of directors
Founder? Claim ProfilePayLater's employee count trend
PayLater has 32 employees as of Sep 26. Here is PayLater's employee count trend over the years:
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PayLater's Competitors and alternates
Top competitors of PayLater include Klarna, Square and Tabby. Here is the list of Top 10 competitors of PayLater, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of an online platform for point-of-sale financing | $4.19B | 84/100 | ||
2nd | Square 2009, San Francisco (United States), Public | Provider of integrated point of sale and business management solutions | $520M | 84/100 | |
3rd | Tabby 2019, Riyadh (Saudi Arabia), Series F | Provider of purchase financing solutions for businesses | $837M | 83/100 | |
4th | Provider of buy now, pay later services with flexible options | $35.4M | 81/100 | ||
5th | Provider of an online platform for point of sale financing | $324M | 79/100 | ||
6th | App-based lending platform for purchase financing | $281M | 79/100 | ||
7th | Online platform offering point-of-sale financing | $151M | 78/100 | ||
8th | Online marketplace offering multi-category products on purchase finance | $31M | 77/100 | ||
9th | Sunbit 2016, Los Angeles (United States), Series D | Online platform for point of sale financing | $159M | 77/100 | |
10th | Zilch 2018, London (United Kingdom), Series D | Provider of installment payment services for online and retail purchases | $566M | 77/100 | |
24th | Platform offering pay-later solutions | $10M | 62/100 |
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PayLater's Investments and acquisitions
PayLater has made no investments or acquisitions yet.
Reports related to PayLater
Here is the latest report on PayLater's sector:
News related to PayLater
Media has covered PayLater for a total of 3 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
•
Shorooq and PayLater Sign MOU in Qatar to Explore Landmark Credit TransactionNewswire•Feb 03, 2026•PayLater, Shorooq Partners
•
PayLater Secures $10 Million Seed Round to Accelerate BNPL Growth in QatarMeatechwatch•Jan 30, 2026•PayLater, KBN Holding, LuLu Financial Holdings, Qatar Development Bank
•
Vietnam’s BNPL market set for changes amid intensifying competitionVietnam Investment Review•Jul 03, 2025•PayLater, VP Bank
•
LuLu's Investment Arm Backs Qatari Fintech Firm PayLaterTech in Asia•May 28, 2025•PayLater, LuLu Financial Holdings
•
QIB partners with PayLater for Shari'a-compliant BNPL servicesThe Paypers•Dec 10, 2024•QIB Group, PayLater
•
Qatar Islamic Bank signs with PayLater for Shari’a-compliant BNPL servicesFinextra•Dec 09, 2024•QIB Group, PayLater
•
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