Kuwait based online payment solutions provider – UPayments has announced that it has raised seed funding by well-known investors, Hamad Ali AlBahar and Saud Al Aujan.

“The investment is the first seeding round and will help us accelerate our operations and explore new opportunities“ said Nasser AlHumaidi, UPayments CoFounder and CEO.

“UPayments will use these funds to continue developing innovative payment products that would help every business establish an online presence.” according to Ali AlHabshi, UPayments CoFounder and COO.

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The company however did not disclose the monetary terms of the deal and added that the new investors will provide additional boost through their experience and guidance.

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