11. Postpay

Total funding: $63.5 million
Payments solutions provider
Founders: Tariq Sheikh, Dani Molina Carmona
Nationality: Mauritian, Spanish
Investors: Afterpay, Touch Ventures Ltd, IMPACT46, other investors
Headquarters: U.A.E.
Date of establishment: 2019

Postpay allows shoppers to split payments across three monthly installments with no interest or fees. It has over a million active users and works with more than 1,500 brands, such as Ounass, Namshi, and Alshaya, as well as other regional merchants. It handled over $500 million in transactions in 2021. As of July 2022, its app had 400,000 downloads. Postpay currently operates across the GCC, including in the U.A.E. and Saudi Arabia.