About PayBy
PayBy is a company based in Abu Dhabi (United Arab Emirates) founded in 2005 was acquired by AstraTech in August 2022.. PayBy offers products and services including Payment Gateway, Point of Sale, Recurring Payments, QR Code Payments, and Virtual Accounts. PayBy operates in a competitive market with competitors including Paytm, MoneyGram, Ziina, Pyypl and QIWI, among others.
- Headquarter Abu Dhabi, United Arab Emirates
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Payby Technology Projects Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
AstraTech
(Aug 10, 2022)
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Products & Services of PayBy
PayBy offers a comprehensive portfolio of products and services, including Payment Gateway, Point of Sale, Recurring Payments, QR Code Payments, and Virtual Accounts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Processes online debit and credit card payments for businesses.
Enables in-store cashless payments with smart devices.
Handles automated subscription-based transactions.
Facilitates quick scans for order payments.
Manages fund collections through virtual banking.
Funding Insights of PayBy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PayBy
PayBy has secured backing from 1 investor. Prominent investors backing the company include Astra Tech. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Astra Tech is focused on simplifying fintech and communication solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayBy
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PayBy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payby Comparisons
Competitors of PayBy
PayBy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Paytm, MoneyGram, Ziina, Pyypl and QIWI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital payments, financial services, and e-commerce platforms are provided.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
App-based digital wallet for consumer payments
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| domain | founded_year | HQ Location |
Card-linked wallet services are offered via mobile app for consumers.
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| domain | founded_year | HQ Location |
Consumer payments are enabled via a card-linked wallet app.
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| domain | founded_year | HQ Location |
NFC-enabled prepaid wallet is linked to cards for payments.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Payby
Frequently Asked Questions about PayBy
When was PayBy founded?
PayBy was founded in 2005.
Where is PayBy located?
PayBy is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
Who is the current CEO of PayBy?
Abdallah Abu-Sheikh is the current CEO of PayBy.
What does PayBy do?
PayBy was founded in 2005 in Abu Dhabi, United Arab Emirates, within the fintech sector. A mobile app is offered for payments and money transfers targeting consumers and businesses. Services such as QR code-based transfers, mobile phone top-ups, and small loan credits are provided. Additional features include online and in-app payments, automated billing, invoice processing, MPOS terminals, and auto-billing. The app is accessible on Android and iOS platforms.
What products or services does PayBy offer?
PayBy offers Payment Gateway, Point of Sale, Recurring Payments, QR Code Payments, and Virtual Accounts.
Who are PayBy's investors?
PayBy has 1 investor. Key investors include Astra Tech.