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.
