“Can UPayments become the dominant licensed payments infrastructure layer for SMBs and mid-market merchants across Kuwait and the GCC?”
Founded in 2016 as Kuwait's first CBK-licensed electronic payments and settlements provider, UPayments initially focused on payment gateway APIs for SMBs. Over time it expanded into a full suite of merchant services covering invoicing, payment links, e-commerce store building, POS devices, and property/rent collection — effectively becoming a vertical payments OS for Kuwaiti SMBs and mid-market merchants. The company is now PE-backed following a buyout/LBO, suggesting a growth-capital phase aimed at scaling its merchant base and product breadth across the GCC.
UPayments processes payments through UPayments Gateway (self-operated).
UPayments is founded in 2016 and headquartered in Sharq, Kuwait City, Kuwait.
UPayments has raised $70K in total (latest round: Buyout/LBO (PE-backed)).
Get a read on where your own stack stands against UPayments and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.