Kuwait based online payment solutions provider UPayments announced that it has raised seed funding for an undisclosed sum from investors Hamad Ali AlBahar and Saud Al Aujan.

"The investment is first seeding round and will help us accelerate our operations and explore new opportunities,“ said Nasser AlHumaidi, UPayments co-founder and chief executive officer (CEO).

The company added that the new investors will provide additional boost through their experience and guidance.

“UPayments will use these funds to continue developing innovative payment products that would help every business establish an online presence,” said Ali AlHabshi, UPayments co-founder and chief operating officer (COO).