THE MIDDLE EAST’S

46. Hesabe Company

Description: Electronic payment service company
Headquarters: Kuwait
Date of Establishment: 2018
CEO: Rakan Aladsani

Hesabe offers payment gateways, invoice payments, QR code payments, and POS terminals to merchants in Kuwait. It has 1,200 POS terminals and processed $700 million of transactions in 2023. The company plans to launch new products in 2024 related to accounting services and providing software and hardware solutions. Hesabe started out as an internal platform for its mother company, LGA Capital, aiming to assist in the processing of payments for subsidiaries and the increase in demand for online payment solutions.