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Verofax Limited

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Year established

2018

Location

Abu Dhabi United Arab Emirates

Primary Industry

Software

About

Founded in 2018 and based in Abu Dhabi, United Arab Emirates, Verofax Limited operates an automation and traceability platform that can connect to current systems and tools using robust API access to wide SME banking and financing network. The company was co-founded by Jamil Zablah, Ryan Merheby, and Wassim Merheby and in July 2020, the company received its first funding from Antler. In February 2021, the company received USD 1.2 million from Trove Capital UK., MFD Holding, Kepler Fund Managers, and Casablanca Holding. The company offers a blockchain solution called "AntChain" traceability as a service that provides a traceability solution to benefit stakeholders in the supply chain. The company's product focuses on targeted industries such as the food, healthcare, and apparel industries. The company's revenue generated from developing solutions in product passporting and traceability intended to reduce cost in operations through process automation. The company plans to launch a marketing campaign targeted at the food, healthcare, and apparel industries. It is also to hire 20 additional team members, mainly software developers and business development managers.
Current Investors
Kepler Partners, Trove Capital Management, MFD Holding

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Primary Industry
Software
Sub Industries
Analytics & Performance Software, Monitoring & Security Software
Website
www.verofax.com
Verticals
Big Data, Cloud Computing
Company Stage
Angel & Seed
Total Amount Raised
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