THE MIDDLE EAST’S

45. Postpay

Description: Buy-Now, Pay-Later platform
Headquarters: U.A.E.
Date of Establishment: 2019
Founders: Tariq Sheikh, Dani Carmona

Postpay allows shoppers to split payments across flexible monthly installments. It works with over 1,500 brands, including Namshi, Ounass, and Pottery Barn, as well as regional groups such as Alshaya Group, Majid Al Futtaim, and Al-Futtaim Group. Postpay had raised $63.5 million in funding from investors, including Afterpay, IMPACT46, and Touch Ventures. The company operates in the U.A.E. and Saudi Arabia. It has 1.5 million active users. Its app had 500,000 downloads as of December 2023.