Upayments

Acquired

Online payment gateway plus invoicing, POS, e-commerce store builder, property-management and escrow tools for merchants

Kuwait City, KuwaitFounded 2016

Acquired by National Bank of Kuwait (51% majority stake) · Dec 2024 · Undisclosed

Fintech

Acquired

Website Crunchbase

UPayments provides electronic payment services to businesses in Kuwait: a payment gateway, online invoicing, POS devices, e-commerce storefronts, property-management and escrow tools. It holds a Central Bank of Kuwait e-payment licence and also operates in Qatar and Saudi Arabia. National Bank of Kuwait acquired 51% of its capital in December 2024.

Founders

Naseer AlHumaidi

Co-Founder & CEO

Ali AlHabshi

Co-Founder & COO

Funding Rounds

SeedSep 2019

Investors: Hamad Ali AlBahar, Saud Al Aujan

Investors: Hamad Ali AlBahar, Saud Al Aujan.

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