Foloosi Technologies Ltd.

Foloosi Technologies Ltd. provides innovative payment gateway services in the UAE, offering diverse digital transaction solutions to businesses of all sizes for seamless online and in-person payments. Foloosi Technologies Ltd. is a payment gateway service provider founded in 2018 and headquartered in Dubai, United Arab Emirates.

The company was co-founded by Mohan K, and currently led by CEO Omar Bin Brek. Foloosi has engaged in three significant deals, with the most recent investment round occurring on May 12, 2021. In this round, the company raised AED 7. 4 million during its SEED funding phase, which accounted for the total amount raised.

Foloosi is a leading payment gateway service provider in the UAE, delivering a comprehensive suite of payment solutions designed to facilitate digital transactions for businesses of various sizes. The company's core offerings include a payment gateway, payment links, invoice links, subscription management, QR code payments, and various e-commerce solutions such as creating a personalized online store. These products cater to diverse end users, including retailers, service providers, and software platforms, enabling them to accept both online and in-person payments seamlessly. Foloosi's solutions are built to empower startups and established enterprises alike, ensuring secure financial operations and improved customer experiences.

The company primarily serves clients in the United Arab Emirates, but its integrated payment solutions are also applicable to international markets, providing global businesses with the tools needed to thrive in a competitive digital landscape. Foloosi generates revenue through a variety of transaction-based models, primarily focusing on the fees associated with processed payments. The company's flagship products include its payment gateway and mobile payment solutions, which facilitate transactions between merchants and consumers. Clients, which range from small businesses to larger enterprises, pay transaction fees based on usage, including per transaction costs or subscription plans for ongoing service access.

Additionally, Foloosi offers partnerships to businesses that utilize its technology for integrated payment solutions, further contributing to its revenue stream. The pricing structure is designed to accommodate varying client needs, ensuring flexibility and accessibility across its diverse client base. In May 2021, Foloosi Technologies Ltd. raised AED 7.

4 million in SEED funding, which aims to support the launching of Foloosi's flagship feature, Tap on Phone. The company plans to expand its market reach by introducing innovative payment solutions designed for new geographic regions, allowing it to tap into international markets. Foloosi's strategic initiatives will leverage the recent funding to enhance product offerings and ensure continued growth in the payment processing landscape.