UAE based Buy Now Pay Later Platform Postpay upraises $10 million - MENA startups, innovation, and tech news


UAE based Buy Now Pay Later Platform Postpay upraises $10 million

UAE based Buy Now Pay Later Platform Postpay upraises $10 million

On Monday, a statement was released wherein Dubai based Buy Now Pay Later Platform Postpay raised $10million from AfterPay and AP Ventures. “For Postpay, this strategic investment provides not only capital to enable us to accelerate our growth but also an opportunity to collaborate and bring new learnings from our new shareholders as we expand in the Mena region,” Tariq Sheikh, founder and chief executive of Postpay, said.

About Postpay

Founded in the year 2019 by Tariq Sheikh the main purpose of the startup is to convert the current retail status by offering uncomplicated and reachable products to the customers. “New customers generally have lower spending limits which gradually increases as they repay on time” according to the statistics.

“We are building a community of young and dynamic Postpay customers who use our service to plan and budget. They benefit from our product as much as the retail merchants we partner with, who increase sales and conversion rates, repeat customers, and average order values all without any increased risk.” Postpay states.


Postpay works in partnership with global brands such as H&M, Footlocker, Dermalogica, and regional names such as Alshaya Group, The Entertainer and Kcal. By the year 2025 worldwide, the industry is anticipated to grow 10-15 times topping $1 trillion in annual gross merchandise volume by some estimates.

Anthony Eisen Co-CEO and Co-Founder at Afterpay said “We are excited to support Postpay as they grow the buy now, pay later market in the Middle East. We have seen first-hand the incredible uptake of BNPL globally and have no doubt that Postpay will deliver a best-in-class solution across the Middle East.”

Postpay’s total financing till date is $35 million. Previously, Postpay had raised $5 million in equity and $20 million in startup.

“AP invests in high-growth, scalable businesses and typically invests $10m to $25m to help companies scale up to their full potential. Afterpay, which is available in Australia, Canada, New Zealand, the US, the UK, France, Italy and Spain, has more than 14 million customers. About 86,000 global retailers offer Afterpay as of March 2021.” according to

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