Amwal Tech is a fintech company that specializes in strong authentication, identity orchestration, and frictionless payment solutions. The company is recognized as an emerging leader in the digital payment space, focusing on improving security and user experience in online transactions.
Amwal Tech was founded in 2022 by Mohamed Zaghoo and Reda Reda. The company is based in Abu Dhabi and aims to revolutionize the way money is authenticated worldwide. It has rapidly gained attention for its innovative solutions in the fintech sector.
In a pre-seed funding round, Amwal Tech raised $2.5 million. This round was co-led by Shorooq Partners and Outliers Venture Capital, along with angel investors. The funding is intended to enhance Amwal's technology and expand its presence in the MENA region
Amwal Tech offers a range of products that include biometric authentication and checkout solutions. Their technology integrates identity verification, fraud prevention, and payment processing into a single API. Key features include:
Biometric checkout
Payment tokenization
Multi-device authentication tokens (FIDO-passkeys)
Amwal Tech is continuously innovating, with recent developments focusing on reducing friction in the payment process and enhancing security through biometric solutions. These innovations are designed to increase conversion rates and improve user engagement.
Amwal Tech is committed to driving economic growth and development by enabling secure and efficient digital payments. The company values innovation, security, and customer satisfaction, aiming to provide seamless and reliable payment solutions.
Amwal Tech serves a diverse user base, including financial institutions, retailers, and individual consumers. The company has a strong presence in the MENA region, where it is working to revolutionize the $250 billion payment market. Amwal Tech's solutions are designed to meet the needs of a rapidly growing digital economy.
Amwal Tech
By Amwal Tech Inc
