Founders: Abdulaziz Al Jouf
The Middle East's 50 Most-Funded Startups
Rank: #9

PayTabs

Country: Saudi Arabia
Funding: $26 million
Investors: Saudi Aramco, Other private investors
Founded In: 2014
Payments solutions company

PayTabs specializes in B2B payments solutions, and has so far processed transactions in 168 currencies across 49 industries, according to the company. Having secured a funding round of $20 million in 2017, PayTabs has focused on expanding across the MENA region, Southeast Asia, and several countries within Africa and Europe. It has offices in the U.A.E. and a presence in India, the Philippines and Bahrain. In 2019, the company set up operations in Egypt for the first time. It plans to launch its third product, PayTabs Switch, this year.