What is PayBy? PayBy Review, Features

PayBy is a local mobile payment service jointly launched by Abu Dhabi-based fintech company PayBy and First Abu Dhabi Bank (FAB).

About PayBy

• PayBy Group is a company that solves the problem of users splitting expenses when dining out with friends or family. It also works in retail and gift registries, but travel is its main target market, mainly appearing in the checkout process on merchant websites.
• Consumers can make cashless payments at brick-and-mortar merchants using the PayBy app on their smartphones.
• In addition, users can use PayBy to complete cash on delivery, purchase goods online, receive payments instantly, and share cash gifts with family and friends.

Financing experience

PayBy Group received US$3.4 million in seed round financing, led by SparkLabs Global Ventures, with participation from Great Oaks CAPItal, 500 Startups, Payment Ventures, Amino Capital and Kima Ventures.