“Upayment succeeded in closing and completing its financing and capital increase of by investors Mr. Hamad Ali Al Bahar and Mr. Saud Farid Al Aujan.

The transaction was made according to a valuation prepared by Balance Business Advisory, which was based on the future expectations of Kuwait's leading electronic payment and financial and technological solutions company “Fintech”.

In a statement earlier to Mr. Nasser Al-Humaidi, Chief Executive Officer of Upayment at AlQabas Newspaper said that this investment will help the company accelerate the implementation of its future plans and enhance its opportunities in competing in the market.

Ali Al-Hbeshi, Chief Operating Officer of Upayments, said that the company would benefit from this funding to develop innovative payment methods that make it easier for entrepreneurs to collect their money online.

Mr. Abdullah Al-Jarallah, General Manager of Balance Business Advisory said that the company is proud of its work with Upayments as it is one of the most promising companies in the field of electronic payments, especially since the financial and technological solutions sector "Fintech" has witnessed wide demand in recent years in Kuwait and the region by users and investors.

Mr. Al-Jarallah is also inviting all companies that are planning to expand their businesses and projects. The doors of the company are wide open to them to benefit from their services and expertise in the field of valuation, financial studies, and capital structuring solutions.”

© Press Release 2019

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