Today: Thursday January 29, 2026 : Shaban 10, 1447 AH- John Legend is Bringing His Hits to Qatar This April
- Key Dates Revealed for Educational Voucher Applications for Students with Disabilities
- Qatar's Health Ministry Shuts Down Dermatology Center Over Regulatory Violations
- Qatar Confirms Recalled Aptamil Infant Formula is Not Sold Locally
To read the full story for free, please enter your e-mail
Thank you for your subscription, you will receive our Newsletter shortly
Join more than 150 of our special readers
Qatar's PayLater Secures Record-Breaking $10M in Seed Funding Round
Fintech trailblazer PayLater lands largest seed funding in Qatar’s startup history to accelerate growth of Shari’a-compliant Buy Now, Pay Later solutions.
- Publish date: since 11 hour Reading time: two min read
Qatar-based fintech startup PayLater has clinched a record-breaking USD 10 million seed funding round, marking a major milestone in the nation’s burgeoning digital finance ecosystem.
The funding, one of the largest early-stage fintech raises in the country’s history, is aimed at scaling the company’s Buy Now, Pay Later (BNPL) services and accelerating its strategic growth plans.
The round was led by LuLu Alternative Investments (LuLu AI), the investment arm of LuLu Financial Holdings, underscoring strong investor confidence in PayLater’s business model and long-term potential in Qatar’s evolving financial landscape.
Founded in 2023, PayLater offers Shari’a-compliant BNPL solutions that enable consumers to spread payments over multiple interest-free instalments, both online and at point-of-sale. It is one of the first companies licensed by the Qatar Central Bank (QCB) to operate in this space, positioning it at the forefront of the country’s push toward digital inclusion and modern payment methods.
The fresh capital will be used to enhance technology infrastructure, deepen partnerships with merchants, expand user reach and refine digital products for both shoppers and retailers. PayLater’s services already reflect growing demand for flexible, responsible payment options that align with Islamic financial principles.
The successful close of this sizable seed round highlights Qatar’s maturing startup ecosystem, particularly in fintech, where regulators and private sector backers alike are fostering innovation. LuLu AI’s lead investment signals a regional endorsement of PayLater’s vision to reshape consumer finance in the Gulf.
PayLater’s leadership says the funding will not only fuel local market expansion but also set the stage for future product enhancements and potential regional footprint growth as Qatar continues to position itself as a hub for financial technology.
As startups across the Middle East attract growing interest from global and regional investors, PayLater’s landmark seed round stands out as a defining moment for Qatar’s fintech narrative heading into 2026.