Saudi-based FinTech EdfaPay raises $1.6M Pre-seed to launch financial services across the Kingdom

EdfaPay raised $1.6 million pre-seed investment that recorded participation from Nuwa capital, InspireUs VC, Wallan Investment group, and other strategic angel investors.

EdfaPay is a Saudi-based fintech startup that would offer products and services that help companies to easily collect customers’ payments through the use of smartphones eliminating the traditional point of sale or any other physical payment devices. EdfaPay aims to create a business-enabling environment by easing distribution of sales channels, financial transactions and expansion of businesses.

“There is indeed a need for an urgent solution in this digital world to address and resolve most of the legacy POS shortcoming and beyond. We believe EdfaPay will be the perfect solution for that.”

~ Nedal Sabbah, Partner Founder of EdfaPay

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