EdfaPay Raises $5 Million to Expand Fintech Operations

Investments

Published on

By webdesk

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

IU CORE Hosts Cohort 4 Pitch Deck Round at Iqra University on June 12 

Iqra University IU CORE is hosting its Cohort 4 Pitch Deck Round on June 12, 2026, at the Main Campus, where aspiring student entrepreneurs will present their startup ideas, innovations, and business visions to an audience of mentors and evaluators.
Investments

Climate Finance Accelerator Pakistan Reveals Five More 2026 Cohort Startups 

The Climate Finance Accelerator Pakistan has revealed five more startups from its 2026 cohort including GoSeedIT, EcoEdge AI, Trashit, WasteBusters and Entertech, and Sahara Recycling, all receiving expert guidance ahead of pitching to climate investors later in the year.
Global Insights

TAQADAM Cohort 10 Applications Open Until June 21 

TAQADAM Startup Accelerator, one of Saudi Arabia's top accelerators backed by King Abdullah University of Science and Technology and SAB, has opened applications for Cohort 10 with a deadline of June 21, 2026. Apply at the official link.
Traction

Marham and BF Biosciences Launch Pakistan First Digital Obesity Clinic 

Marham and BF Biosciences have launched SlimPossible, Pakistan's first digital clinic dedicated to obesity and weight management, offering online consultations with PMDC-verified specialists across diet, activity, and medical advice from any device nationwide.

More like this

LaunchPad

IU CORE Hosts Cohort 4 Pitch Deck Round at Iqra University on June 12 

Iqra University IU CORE is hosting its Cohort 4 Pitch Deck Round on June 12, 2026, at the Main Campus, where aspiring student entrepreneurs will present their startup ideas, innovations, and business visions to an audience of mentors and evaluators.
Investments

Climate Finance Accelerator Pakistan Reveals Five More 2026 Cohort Startups 

The Climate Finance Accelerator Pakistan has revealed five more startups from its 2026 cohort including GoSeedIT, EcoEdge AI, Trashit, WasteBusters and Entertech, and Sahara Recycling, all receiving expert guidance ahead of pitching to climate investors later in the year.
Global Insights

TAQADAM Cohort 10 Applications Open Until June 21 

TAQADAM Startup Accelerator, one of Saudi Arabia's top accelerators backed by King Abdullah University of Science and Technology and SAB, has opened applications for Cohort 10 with a deadline of June 21, 2026. Apply at the official link.