About Amwal Tech
Amwal Tech is a company based in Riyadh (Saudi Arabia) founded in 2022 by Mohamed Zaghoo, Sameh Galal, and Reda Reda. Amwal Tech has raised $6.5 million across 2 funding rounds from investors including Shorooq Partners, Outliers Venture Capital and TA Ventures. Amwal Tech offers products and services including Bank Installments, Authentication Solutions, and Identity Orchestration. Amwal Tech operates in a competitive market with competitors including Flutterwave, PayU, ACI Worldwide, CyberSource and Wirecard, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Mohamed Zaghoo, Sameh Galal, Reda Reda
- SectorsFinancial Services
- Email••••••••
- Website amwal.tech
- Social LinkedIn X
- Legal Name Amwal Tech Inc.
- Total Equity Funding$6.5M (USD)
in 2 rounds
- Latest Funding Round$4M (USD), Series A
Jan 2025
- InvestorsShorooq Partners
& 3 more
Products & Services of Amwal Tech
Amwal Tech offers a comprehensive portfolio of products and services, including Bank Installments, Authentication Solutions, and Identity Orchestration.
Enables interest-free installment payments for purchases
Provides passkeys for secure customer authentication
Facilitates secure identity verification across devices
Funding Insights of Amwal Tech
Amwal Tech has successfully raised a total of $6.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.5M
- Total Rounds 2
- Last Round Series A — $4M
- First Round $2.5M
(Feb 2023)
- Investors Count 4
All 2 funding rounds of Amwal Tech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $4M | Series A | – | – | |
| Feb 2023 | $2.5M | Seed | – | Shorooq Partners, Outliers Venture Capital | – |
4 investors in total: 4 institutional.
Investors in Amwal Tech
Amwal Tech has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Shorooq Partners, Outliers Venture Capital and TA Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments in tech companies are made by Shorooq Partners. | 2016 | shorooq.com | Abu Dhabi, United Arab Emirates | |
Early-stage tech-driven businesses are funded by Outliers Venture Capital. | – | outliers.vc | George Town, Cayman Islands | |
- | – | taventures.vc | - | |
- | – | alinma.com | - |
Investor details for Amwal Tech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Amwal Tech
3 people are tracked at Amwal Tech (3 in leadership).
| Name | Role | Group |
|---|---|---|
Mohamed Zaghoo | Co-Founder & CEO | Leadership |
Sameh Galal | Co-Founder & CTO | Leadership |
Reda Reda | Co-Founder | Leadership |
Complete people profiles for Amwal Tech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Timeline of Amwal Tech
3 dated milestones of Amwal Tech across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Amwal Tech is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series A, of $4.0M.
Competitors of Amwal Tech
Amwal Tech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, PayU, ACI Worldwide, CyberSource and Wirecard, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $319.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. | |
| equiniti.com | 2002 | Lancing, United Kingdom | – | – | Financial technology and payment processing solutions are provided by Equiniti. | |
| unionpayintl.com | 2012 | Shanghai, China | – | – | Mobile and online payment solutions are provided for banks. |
Detailed competitors of Amwal Tech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Amwal Tech
The website of Amwal Tech (amwal.tech) receives about 28.9K visits a month.
- Monthly visits28.9K
▼ 10.6% vs previous month
Websites whose visitors overlap most with Amwal Tech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Latest news on Amwal Tech
Complete news archive for Amwal Tech
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
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- Brand-specific news history
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Similar companies to Amwal Tech
10 companies that operate in the same segment as Amwal Tech (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Amwal Tech
Amwal Tech was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Amwal Tech is headquartered in Riyadh, Saudi Arabia.
Mohamed Zaghoo is the current CEO of Amwal Tech. They have also founded this company.
Amwal Tech is a funded company, having raised a total of $6.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Feb 2023.
Amwal Tech was founded in 2022 and is based in Riyadh, Saudi Arabia. Operations focus on the fintech sector, where secure online payment acceptance is enabled through biometric one-click checkout. Identity verification, fraud prevention, and payment processing are integrated into a single API for businesses. This approach supports efficient transaction handling across digital platforms.
Amwal Tech's top competitors include PayU, Flutterwave and ACI Worldwide.
Amwal Tech offers Bank Installments, Authentication Solutions, and Identity Orchestration.
Amwal Tech has 4 investors. Key investors include Shorooq Partners, Outliers Venture Capital, TA Ventures, and Al-Enma Bank.
Amwal Tech operates through Amwal Tech Inc..