Prabh Singh, an Indian ex-pat residing in Dubai, has introduced a payment app gaining traction in the UAE’s fintech industry. As the co-founder and CEO of TigerPay, Singh boldly decided to leave behind a promising career and venture into the technology sector, driven by his belief in the UAE’s vision for technological advancements.
Although his choice raised doubts among friends and acquaintances, Singh embraced the risk and began developing his Minimum Viable Product (MVP). With the support of friends and family, he secured $250,000 in the initial funding round, establishing the foundation for the app.
Singh’s aspiration to create something impactful in the tech industry motivated him to embark on this unconventional path. TigerPay offers merchants a convenient payment experience by allowing them to accept in-person card payments through their smartphones, eliminating the need for bulky POS terminals or external devices.
Within two months since its launch, TigerPay has attracted over 500 merchants, even without extensive marketing efforts. Singh attributes this early success to the app’s user-friendly interface and streamlined onboarding process, which takes less than 60 minutes compared to the time-consuming procedures and in-person bank visits associated with traditional banking systems.
In addition to its efficiency, TigerPay offers extra features such as generating payment links and QR codes, providing customers with multiple payment options. Encouraged by the positive response, TigerPay has plans to expand into various regions in the coming months. Singh aims to raise $500,000 in the second funding round to scale operations and establish TigerPay as a revolutionary payment solution for merchants worldwide.
Singh believes Dubai, emphasizing technology and fintech advancements, provides an ideal environment for TigerPay’s growth. Being a hub of innovation, Dubai’s thriving fintech ecosystem aligns with TigerPay’s goal of offering merchants a cost-effective and efficient payment solution.