Kochi: In a significant development in Qatar’s fintech sector, Lulu Alternative Investment (Lulu AI), the investment arm of Lulu Financial Holdings, has invested in Paylater, the first company in Qatar to receive a BNPL (Buy Now, Pay Later) license.
Lulu AI aims to support startups focused on technology and innovation through strategic investments. This marks Lulu AI’s first investment in Qatar’s financial sector, leveraging the 15+ years of experience that Lulu Financial Holdings has gained across ten countries.
Paylater’s mission aligns with using technology to simplify the lives of both consumers and merchants. With the backing of Lulu AI, the company is poised to accelerate its journey in empowering users through digital financial solutions. Notably, Paylater is the first company to receive a BNPL license from the Qatar Central Bank.
“Lulu AI is not just a portfolio of investments—it is about shaping the future of financial services,” said Adeeb Ahamed, Managing Director of Lulu Financial Holdings. “Each of our investments is a step toward creating meaningful change, and Paylater is a prime example of this mission,” he added.
Mohammed Al-Delaimi, Co-founder and Managing Director of Paylater, called the partnership a “milestone” for their business. He noted that Lulu AI’s regional expertise would strengthen Paylater’s goal of becoming a key fintech hub in Qatar, offering benefits to a wider audience.
