PayLater and LuLu AI Join Forces to Drive the Future of Fintech in Qatar
- DUNES
- 23 minutes ago
- 2 min read
PayLater, Qatar’s first licensed Shari’a-compliant Buy Now, Pay Later (BNPL) provider, announces a strategic investment partnership with LuLu Alternative Investments (LuLu AI), the fintech investment arm of LuLu Financial Holdings. This collaboration marks another important milestone for Qatar’s fintech sector, as it fuels PayLater’s mission to create ethical, user-driven financial technology that’s scalable, inclusive, and innovation-led.
As a homegrown fintech startup, PayLater has quickly emerged as a category-defining company, rethinking credit for the digital era. In under a year, it has onboarded over 100,000 users, partnered with 150+ merchants across 200 branches, and delivered seamless, interest-free installments. The platform integrates into point-of-sale and e-commerce systems and is fully linked to Qatar’s Credit Bureau.
LuLu AI’s investment is a strategic alignment driven by a shared commitment to smarter, more inclusive everyday transactions.
“This partnership with LuLu AI marks a major business milestone for us at PayLater. It’s a shared belief in the future of responsible, flexible finance in Qatar. LuLu brings regional scale and experience, and together, at PayLater, we’re committed to building solutions that empower both consumers and merchants, while reinforcing Qatar’s position as a fintech hub in the region,” said Mohammed Al-Delaimi, Co-Founder and CEO of PayLater.
“Through LuLu AI, we are building more than a portfolio — we are shaping a future where financial services are intelligent, inclusive, and deeply human-centric,” said Adeeb Ahamed, Managing Director of LuLu Financial Holdings.
LuLu AI’s investment is a strong vote of confidence in Qatar’s growing digital economy and marks its first direct fintech investment in the country. It aligns with the firm’s mission to support disruptive financial technologies in high-growth markets.
The partnership will accelerate PayLater’s roadmap by expanding features, enhancing merchant tools, and delivering deeper personalization and real-time insights, all while maintaining its ethical, Shari’a-compliant foundation. It also sets a model for how startups and institutional investors can shape the future of fintech in the GCC.