When was UPayments founded?

UPayments was founded in 2008 and raised its 1st funding round 11 years after it was founded.

Where is UPayments located?

UPayments is headquartered in Kuwait City, Kuwait.

Who is the current CEO of UPayments?

Nasser Al Humaidi of UPayments. They have also founded 1 company.

How many employees does UPayments have?

As of Jul 31, 2026, the latest employee count at UPayments is 58.

Is UPayments a funded company?

UPayments is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Sep 17, 2019.

When was the latest funding round of UPayments?

UPayments' latest funding was a $***** Seed round on Sep 17, 2019, with participation from 0 investor.

Where does UPayments rank among its competitors?

UPayments ranks 16th amongst 256 active competitors, of which 22 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Rent2Cash, which secured $116M in Mar, 2026.

Who are the top competitors of UPayments?

UPayments' top competitors include Esusu, Rent2Cash and ClickPay. Among them, Rent2Cash secured the most recent funding round in March, 2026.

UPayments - 2026 Company Profile, Team, Funding & Competitors

UPayments is an acquired company based in Kuwait City (Kuwait), founded in 2008 by Nasser Al Humaidi. It operates as a Provider of electronic payment solutions, including payment gateways and online stores. UPayments has raised an undisclosed amount in funding. The company has 256 active competitors, including 22 funded and 15 that have exited. Its top competitors include companies like Esusu, Rent2Cash and ClickPay.

Company Details

Provider of electronic payment solutions, including payment gateways and online stores. The company offers tools for creating and sending payment links, accepting payments on websites and applications, and building online stores. It also provides solutions for managing properties and collecting rent. Services are designed to suit businesses of all sizes.

Website: upayments.com
Social
Email ID: *****@jebayah.com
Phone Number: +965 **********, +965 **********

Key Metrics

Founded Year

2008

Location

Kuwait City, Kuwait

Stage

Acquired

Latest Funding Round

Seed, Sep 17, 2019, $*****

Ranked

16^th among 256 active competitors

Employee Count

58 as on Jul 31, 2026

Similar Companies

ClickPay & 120 more

Exit Details

Acquired by National Bank of Kuwait (Dec 04, 2024)

View UPayments' full profile

UPayments got acquired by National Bank of Kuwait on Dec 04, 2024.

Click here to take a look at UPayments's acquisition in detail

UPayments has raised funding over 1 round.

Here is the list of recent funding rounds of UPayments:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 17, 2019	7475075	Seed	1951063	3437153	2229148	5020671

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View details of UPayments's funding rounds and investors

The founders of UPayments is Nasser Al Humaidi. Nasser Al Humaidi is the CEO of UPayments.

Here are the details of UPayments' key team members:

Nasser Al Humaidi: Co-Founder & CEO of UPayments.

View details of UPayments's Founder profiles and Board Members

UPayments' employee count trend

UPayments has 58 employees as of Jul 26. Here is UPayments's employee count trend over the years:

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Top competitors of UPayments include Esusu, Rent2Cash and ClickPay. Here is the list of Top 10 competitors of UPayments, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Esusu 2018, New York City (United States), Series C	Online platform offering credit-building solutions through rent payment reporting	$200M	Sinai Ventures, Acumen & 34 others	77/100
2nd	Rent2Cash 2023, Rome (Italy), Series A	Provider of web-enabled rental payment management solutions for tenants	$120M	-	58/100
3rd	ClickPay 2009, Oradell (United States), Acquired	Electronic billing and payment solutions for the multi-housing industry	$4.3M	Activate Venture Partners, Originate Ventures ... & 3 others	56/100
4th	Flex 1999, New York City (United States), Funding Raised	Rental payment solutions	-	Financial Venture Studio, Detroit Venture Partners ... & 7 others	55/100
5th	PayLease 2003, San Diego (United States), Acquired	Provides payment solutions to property management industry.	-	Francisco Partners, De Anda Capital & 3 others	51/100
6th	RentPayment 1999, Walnut Creek (United States), Acquired	Rental management platform to collect rent.	-	Texas Ventures, Flywheel Ventures	50/100
7th	Obligo 2017, Tel Aviv (Israel), Series B	Provider of security deposit replacement solution for residential properties	$55.5M	83NORTH, 10D & 13 others	50/100
8th	Circa 2019, Westport (United States), Acquired	Online rental payment management software for tenants, owners, and rental managers	$2.09M	Hub Angels, Techstars & 2 others	50/100
9th	Zenbase 2021, Calgary (Canada), Seed	Provider of rent payment solutions, including splitting and credit reporting	$4.1M	Global Founders Capital, N49P & 1 others	49/100
10th	PlacePay 2010, New York City (United States), Acquired	Online rent payment and collection platform	$305K	The Brandery	47/100
16th	UPayments 2008, Kuwait City (Kuwait), Acquired	Provider of electronic payment solutions, including payment gateways and online stores	-	-	42/100