Dubai – Sharikat Mubasher: LuLu AI, the investment arm of LuLu Financial Holdings, announced a strategic investment in PayLater Qatar, the country’s first licensed provider of Buy Now, Pay Later (BNPL) and embedded finance solutions.
As per a recent press release, this marks LuLu AI’s first foray into Qatar’s financial sector.
The move supports LuLu AI’s goal of building a connected network of next-generation financial service providers across emerging markets. PayLater recently secured the first BNPL license issued by the Qatar Central Bank, positioning it as a key player in the country’s growing fintech space.
On this occasion, Adeeb Ahamed, Managing Director of LuLu Financial Holdings, stated: “LuLu AI is more than just an investment portfolio — we are shaping a future where financial services are intelligent, inclusive, and deeply human-centric. Every investment we make is a step toward empowering individuals and businesses with tools that simplify life and unlock opportunity and inclusivity. PayLater embodies this ethos, and we are pleased to be part of their mission to drive accessible and responsible financial solutions.”
Mohammed Al-Delaimi, Co-Founder & Managing Director of PayLater, said: “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 AI 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.”
