Shorooq Signs MOU with Qatar’s PayLater to Structure Institutional Credit Facility
For Shorooq, the MOU underscores the firm’s continued leadership in the credit space and its ability to design bespoke financing structures for high-growth, regulated platforms.
Shorooq, a leading multi-strategy investment firm focused on venture capital, credit, and alternative investments, has signed a Memorandum of Understanding (MOU) with PayLater, Qatar’s first QCB-licensed, Sharia-compliant Buy Now Pay Later (BNPL) provider, to explore structuring a scalable, institutional-grade credit facility to support PayLater’s next stage of growth.
PayLater has established itself as a category pioneer in Qatar, operating under the regulatory oversight of the Qatar Central Bank (QCB) and offering fully Sharia-compliant BNPL products tailored to local market needs. Over the past few years, the company has demonstrated strong execution, disciplined underwriting, and growing merchant and consumer adoption—positioning it as a natural candidate for large-scale, structured credit solutions.
For Shorooq, the MOU underscores the firm’s continued leadership in the credit space and its ability to design bespoke financing structures for high-growth, regulated platforms. The potential transaction would align with Shorooq’s broader strategy of supporting fintech and technology-enabled businesses with non-dilutive capital that accelerates growth while preserving founder ownership.
“This MOU reflects our conviction that the next phase of fintech growth in the region will be driven by disciplined, well-regulated platforms that can absorb institutional capital at scale. PayLater has built a strong foundation as Qatar’s first QCB-licensed, Sharia-compliant BNPL provider, and we see significant potential in working together to structure a credit solution that supports sustainable growth while setting a new benchmark for the market.”
– Mahmoud Adi, Founding Partner, Shorooq
“Shorooq is a strong validation of the progress PayLater has made since inception. As we scale our platform, access to sophisticated, Sharia-compliant credit structures is critical to serving our customers and merchant partners responsibly. We look forward to exploring a partnership that supports our long-term vision and reinforces Qatar’s position as a leading fintech hub.”
– Dr. Devid Jegerson, Chief Executive Officer, PayLater
The discussions come at a time of increasing regional focus on Sharia-compliant digital finance and the development of institutional funding infrastructure to support regulated fintech platforms.
