| Founded | 2019 |
|---|---|
| Closed | 2024 |
| Country | UAE |
| Sector | Fintech |
| Collapse type | Market Exit |
| Founder | Tariq Sheikh |
Postpay
"UAE's scrappy BNPL player was outgunned by better-funded rivals and rising rates."
Key Events Timeline
Postpay, a UAE-based BNPL startup that raised $10M from investors including Visa, collapsed in 2024 as rising UAE interest rates dramatically increased the cost of capital for short-term lending.
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