Search
HomeInvestmentsEdfaPay Raises $5 Million to Expand Fintech Operations

EdfaPay Raises $5 Million to Expand Fintech Operations

Investments

Published on

By webdesk
spot_img

EdfaPay, a leading fintech platform in Saudi Arabia, has successfully raised $5 million in a Pre-Series A funding round led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment.

The fresh funding will enable EdfaPay to accelerate its growth trajectory and expand its operations across the MENA region, particularly in Saudi Arabia and Oman. The company plans to enhance its fintech solutions and cater to the increasing demand for innovative payment technologies.

Eng. Ghormallah Alghamdi, Co-founder and CEO of EdfaPay, expressed his enthusiasm for the funding, stating, “This investment will empower us to drive innovation and support the burgeoning entrepreneurial ecosystem in Saudi Arabia.”

EdfaPay’s core offerings include a range of fintech solutions, such as SoftPOS, a secure payment gateway for e-commerce, and automated e-invoicing tools. These solutions are designed to simplify financial operations for small and medium-sized enterprises (SMEs) and startups.

With its innovative approach and strong investor backing, EdfaPay is well-positioned to become a major player in the global fintech landscape. The company’s expansion into new markets and its focus on technological advancements will further solidify its position as a leading provider of fintech solutions.

Latest articles

LaunchPad

Commonwealth Startup Fellowship Launches for Early-Stage Founders

The six-month Commonwealth Startup Fellowship offers startup founders from eligible countries a mix of in-person and online training, mentorship, and access to equity-free funding to scale their ventures.
LaunchPad

IFDP Opens Verification for Startups and Investors to Enable Trust-Based Matchmaking

IFDP begins verification of startups and investors to build trust and improve early-stage matchmaking. Verified profiles will be listed for upcoming rounds.
Ecosystem

AI Development for Beginners Session Held at NIC Karachi by Coursemon and Agrotechvision

NIC Karachi hosted an AI learning session for beginners in collaboration with Coursemon and Agrotechvision, focusing on hands-on skills and community building.
Fresh

Be Me Hosts Event in Karachi on Balancing Purpose and Mental Well-Being at Work

Be Me invites leaders, founders, and experts to discuss the intersection of ambition, purpose, and mental well-being at KSBL on June 25.

More like this

LaunchPad

Commonwealth Startup Fellowship Launches for Early-Stage Founders

The six-month Commonwealth Startup Fellowship offers startup founders from eligible countries a mix of in-person and online training, mentorship, and access to equity-free funding to scale their ventures.
LaunchPad

IFDP Opens Verification for Startups and Investors to Enable Trust-Based Matchmaking

IFDP begins verification of startups and investors to build trust and improve early-stage matchmaking. Verified profiles will be listed for upcoming rounds.
Ecosystem

AI Development for Beginners Session Held at NIC Karachi by Coursemon and Agrotechvision

NIC Karachi hosted an AI learning session for beginners in collaboration with Coursemon and Agrotechvision, focusing on hands-on skills and community building.

DEMO, the world’s largest platform for emerging technology and trends, was brought to Pakistan under the IDG umbrella in 2015. The DEMO platform brings together a unique experience of the future of innovation, quality deal flow and networking with people from around the world who are likely to change the face of technology in the years to come. DEMO, the launchpad for emerging tech invites you to experience the future of innovation, and network with people in the ecosystem who are likely to change the face of society in years to come.

Subscribe

To get email updates from Today News.

DEMO Pakistan & all its sub brands are copyrighted to SPIN-IDG Wakhan Media Inc., the publishing arm of NCC-RP Group. This site is designed by Crunch Collective ©️2015-2025. Read Privacy Policy here.