We show you our most important and recent visitors news details NearPay raises $600,000 pre-seed in the following article
Hind Al Soulia - Riyadh - Saudi Arabia-based financial technology (fintech) startup NearPay, has raised a $600,000 (SAR 2.2 million) pre-seed round, led by Saudi angel investor Musaab Hakami alongside other angel investors.
Founded in early 2020, NearPay offers an NFC technology-enabled point-of-sale (POS) software solution for small businesses, enabling merchants to accept customer payments directly on their phones. NFC technology constitutes 79 per cent of POS payments in the Kingdom, according to the latest reports issued by the Saudi Payments Company.
“The Saudi market has a great opportunity to enter and expand into the field of financial technologies, and by doing so, this will help in achieving our goals in the coming year," said Muhammad Al-Aiban, CEO of NearPay.
The startup recently obtained the Visa Tap on Phone certification.
These were the details of the news NearPay raises $600,000 pre-seed for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Wamda and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.