Spendwisor
by Spendwisor
by Spendwisor
Profile Information Last updated on: 19 August 2024
Profile Information Last updated on: 19 August 2024
We help make selecting a software for your business effortless, economical and efficient.
by Spendwisor
by Spendwisor
Profile Information Last updated on: 19 August 2024
Profile Information Last updated on: 19 August 2024
Spendwisor operates in the financial technology sector, providing a mobile payment platform that integrates a mobile wallet, mobile point of sale (POS) solutions, and an innovative loyalty program. The platform aims to enhance the shopping experience by allowing consumers to earn cashback rewards and track their expenses conveniently.
Spendwisor was founded in July 2020 by Safarudheen Farook and Khalid Easa NA Al-Kaabi. The company is registered in the Qatar Financial Centre and aims to revolutionize the retail ecosystem by offering a comprehensive digital platform for payments and marketing.
Spendwisor has raised a total of $51 million, including a $1 million pre-seed funding round led by Erhama Nasser IA Al-Kaabi and other angel investors. Additionally, the company secured a $50 million investment commitment from GEM Global Yield, contingent on achieving certain milestones.
Spendwisor's platform offers several key features:
Spendwisor has not announced any acquisitions. However, the company is actively expanding its product offerings and market presence, particularly through strategic partnerships, such as the one with Al Jazeera Finance to offer Buy Now, Pay Later (BNPL) solutions.
The partnership with Al Jazeera Finance allows Spendwisor to enhance its technology platform and offer flexible payment options, promoting financial inclusion and supporting the digital economy in Qatar
Spendwisor emphasizes innovation and aims to transform the retail and financial sectors by providing a seamless and rewarding shopping experience. The company values strategic partnerships to drive growth and expand its market presence.
Spendwisor serves a broad range of clients, including everyday consumers and retail businesses. The platform is designed to benefit both retailers and shoppers by simplifying transactions and offering rewards.
By Spendwisor