About PayNest
PayNest is a Financial Services company based in Dubai (United Arab Emirates) founded in 2021 by Murtaza Abedin. App-based payment and management platform for individuals. PayNest has raised $2.16 million across 1 funding round from investors including BlueCrow, Lince Capital and Iberis Capital. Its chief executive, as recorded, is Murtaza Abedin. PayNest offers products and services including New Website. Its focus areas include FinTech, Payments, Consumer Payments and Vertical Payments.
Company details
PayNest, founded in 2021 in Dubai, United Arab Emirates, focuses on innovating financial technology, facilitating payment transactions, consumer payments, vertical payments, and education payments. App-based payment and management platform for individuals. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Dubai, United Arab Emirates
- Founders Murtaza Abedin
- SectorsFinancial Services
- Website paynest.ae
- Social LinkedIn Facebook
- Total Equity Funding$2.16M (USD)
in 1 rounds
- Latest Funding Round$2.16M (USD), Seed
Dec 2023
- InvestorsBlueCrow
& 3 more
Products & Services of PayNest
PayNest offers a comprehensive portfolio of products and services, including New Website.
Platform for accessing rebranded cutting-edge solutions
Funding Insights of PayNest
PayNest has successfully raised a total of $2.16M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.16 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.16M
- Total Rounds 1
- Last Round Seed — $2.16M
- First Round $2.16M
(Dec 2023)
- Investors Count 4
All 1 funding rounds of PayNest with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | $2.16M | Seed | – | Lince Capital |
4 investors in total: 4 institutional.
Investors in PayNest
PayNest has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include BlueCrow, Lince Capital and Iberis Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Lince Capital is engaged in venture capital fund management. | 2018 | lince-capital.com | Lisbon, Portugal | |
Iberis Capital is recognized as a leading private equity and venture capital manager in Portugal. | 2017 | iberiscapital.com | Lisbon, Portugal | |
Support is provided to startups for growth and global expansion. | m4ventures.pt | Lisboa, Portugal | ||
Diversified asset management is handled across various investment sectors. | 2010 | bluecrowcapital.com | Lisbon, Portugal |
Investor details for PayNest
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PayNest
16 people are tracked at PayNest (5 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Murtaza Abedin | Founder & CEO | Leadership |
Shahid Rasool | Chief Technology Officer | Leadership |
Faris Sohail | Chief Operating Officer | Leadership |
Aqsa Zulfiqar | Head Of People | Leadership |
Ahmad Mubashar | Design Head Ui/ux Products & Creatives | Leadership |
Abdul Basit | Full Stack Engineer | Team |
Mubeen Rizvi | Flutter Developer | Team |
Zain Fareed | Full Stack Engineer | Team |
Ali Ahmad | Senior Flutter Developer | Team |
Wajiha Aslam Malik | Ui/ux Designer | Team |
Sohaib Riaz | Software Development Team Lead | Team |
Engr. Sameen Abbas | IT Project Manager | Team |
Ahmad Hassan | Full-stack Developer | Team |
Tayyab Nasrullah | Full Stack Engineer | Team |
Aatika Feroz Ali | Senior Product Manager | Team |
Arslan Raza | Sr. Mobile Application Developer | Team |
Complete people profiles for PayNest
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PayNest
2 dated milestones of PayNest across 2 years, from founding to its latest funding, stage changes and deals.
- Founded PayNest is founded.
- Funding First funding round of $2.2M.
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Related news about Paynest
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Frequently Asked Questions about PayNest
PayNest was founded in 2021 and raised its 1st funding round 2 years after it was founded.
PayNest is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Murtaza Abedin is the CEO of PayNest, as recorded in our data. They have also founded this company.
PayNest is a funded company, having raised a total of $2.16M across 1 funding round to date. The company's 1st funding round was a Seed of $2.16M, raised on Dec 2023.
PayNest, founded in 2021 in Dubai, United Arab Emirates, focuses on innovating financial technology, facilitating payment transactions, consumer payments, vertical payments, and education payments. App-based payment and management platform for individuals. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
PayNest offers New Website.
PayNest has 4 investors. Key investors include BlueCrow, Lince Capital, Iberis Capital, and M4 Ventures.