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FinancialNews
09-04-18
Bahrain: PayTabs in talks to raise funds for expansion
(MENAFN) Bahrain's Paytabs was declared to be currently holding discussions with investors on generating funds for an expansion project of its footprint outside the country.
The declaration was made by the online payment process company's chief executive office and founder Abdulaziz Aljouf.
During an interview a month ago with Accelerate SME in Dubai, the CEO revealed "we are raising our third round [of funding]."
The company has already collected last August funds at a worth of USD20 million from a group of unnamed sources, marking a major investment for fintech start-up.
MENAFN0904201800450000ID1096710353
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