Amwal Tech Inc.
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Amwal Tech Inc. - overview
Established
2022
Location
Riyadh, -, Saudi Arabia
Primary Industry
Software
About
Based in Riyadh, Saudi Arabia, and founded in 2022 by its CEO, Mohamed Zaghoo, CTO, Sameh Galal, and COO, Reda Reda, Amwal Tech Inc. , operates as a provider of an authentication-based payment platform that allows companies to receive payments from their customers. In February 2023, Amwal Tech raised USD 2. 5 million in pre-seed funding, co-led by investors Shorooq Partners and Outliers Venture Capital.
As of 2023, the company is led by its CEO, Mohamed Zaghoo, and has partnered with companies like Stripe, Saudi Payments, Riyad Bank, and many more, with 3 offices across MENA and the US. Amwal offers an application integration platform that offers various fraud prevention payment processing, and identity verification solutions, helping companies accept card transactions with password-less and passive multi-factor cryptographic binding authentications. The company’s 1-click biometric checkout infrastructure provides invoicing, recurring, and split payment solutions. The company plans to use the February 2023 funding to improve its technology and enhance its presence in the Mena region.
Current Investors
Shorooq Partners, Outliers Venture Capital
Primary Industry
Software
Sub Industries
Web Applications, Accounting/Finance Software, Application Integration Software, Software
Website
www.amwal.tech
Verticals
Cloud Computing, FinTech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Amwal Tech Inc. - employee data
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