About PayNest
PayNest is a company based in Dubai (United Arab Emirates) founded in 2021 by Murtaza Abedin. PayNest has raised $2.16 million across 1 funding round from investors including BlueCrow, Lince Capital and Iberis Capital. PayNest offers products and services including New Website.
- Headquarter Dubai, United Arab Emirates
- Founders Murtaza Abedin
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.16 M (USD)
in 1 rounds
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Latest Funding Round
$2.16 M (USD), Seed
Dec 13, 2023
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Investors
BlueCrow
& 3 more
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Employee Count
Employee Count
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Products & Services of PayNest
PayNest offers a comprehensive portfolio of products and services, including New Website.
Platform for accessing rebranded cutting-edge solutions
People of PayNest
Unlock access to complete
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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.2M
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First Round
First Round
(13 Dec 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - PayNest | Valuation | Lince Capital |
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 |
|---|---|---|---|---|
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Lince Capital is engaged in venture capital fund management.
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Founded Year | Domain | Location | |
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Iberis Capital is recognized as a leading private equity and venture capital manager in Portugal.
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Founded Year | Domain | Location | |
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Support is provided to startups for growth and global expansion.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayNest
Financial Statements - PayNest
Paynest Comparisons
Competitors of PayNest
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 current CEO of PayNest. 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 13, 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.