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PayNest logo — Payments Anywhere, Anytime

PayNest

Payments Anywhere, Anytime

Founded 2021 United Arab Emirates United Arab Emirates 30 employees Seed Total: $2.00M Fintech, Information Technology +1

General Information

Company Name PayNest
Founded Year 2021
Location United Arab Emirates United Arab Emirates
Employees 30
Industries Fintech, Information Technology, Payments
Funding Stage Seed
Social

BounceWatch is an independent company data service, not affiliated with PayNest . To contact PayNest , visit paynest.ae.

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About PayNest

PayNest, with its slogan "Payments Anywhere, Anytime," is a burgeoning player in the fintech landscape, primarily focusing on integrating digital solutions to transform how cash is collected. Founded in 2021, this company is based in the United Arab Emirates and seeks to streamline the payments process by being a comprehensive aggregator for transactions.

The company made notable headway with a €2.00M Seed Round investment on 12 December 2023, a testament to its potential in the information technology and payments industries. This round was led by investors such as Iberis Capital, LINCE CAPITAL, M4 Ventures, and BlueCrow Capital. The strategic backing from such diverse investors underscores PayNest's credibility and its innovative approach to tackling the persistent challenge of cash digitization.

Business keywords: payments, digital payments, cash collection, payment processing, mobile payments, payment aggregation, payment solutions, payment technology

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round €2.00M 4
Iberis Capital LINCE CAPITAL M4 Ventures
Iberis Capital, LINCE CAPITAL +2
12 Dec 2023
Pre Seed Round Undisclosed -
01 Jun 2020

PayNest Alternatives & Competitors

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PayNest vs
PayNearMe
PayNearMe United States

Payments, meet Progress.

Series D
228 employees
Financial Services, Fintech
Compare PayNest vs PayNearMe
PayNest vs
Aeropay
Aeropay United States

Pay-by-bank with confidence.

Series B
68 employees
B2B, Financial Services
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PayNest vs
Kopo Kopo Inc
Kopo Kopo Inc

Kopo Kopo offers solutions to help businesses grow and prosper through payments.

Series B
168 employees
Enterprise Software, Financial Services
View all alternatives

FAQ About PayNest

Payments Anywhere, Anytime
PayNest was founded in 2021.
PayNest is headquartered in United Arab Emirates.
PayNest operates in Fintech, Information Technology and Payments. Its work centres on payments, digital payments, cash collection and payment processing.
PayNest has approximately 30 employees.
PayNest has completed 2 funding rounds, raising a total of $2.00M. The latest funding stage is Seed.
Top alternatives and competitors to PayNest include PayNearMe, Aeropay, Kopo Kopo Inc, Conekta, PayTabs Global. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
PayNest and PayNearMe are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for PayNest , https://bouncewatch.com/company/paynest-1, updated 5 November 2025. When citing, please name BounceWatch and link this page.

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