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 $2.5 million across 1 funding round from investors including Shorooq Partners and Outliers Venture Capital. 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
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Amwal Tech Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.5 M (USD)
in 1 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Feb 28, 2023
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Investors
Shorooq Partners
& 1 more
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Employee Count
Employee Count
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Products & Services of Amwal Tech
Amwal Tech offers a comprehensive portfolio of products and services, including Bank Installments, Authentication Solutions, and Identity Orchestration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 $2.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.5 million completed in February 2023. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.5M
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First Round
First Round
(28 Feb 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - Amwal Tech | Valuation | Shorooq Partners , Outliers Venture Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Amwal Tech
Amwal Tech has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Shorooq Partners and Outliers Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments in tech companies are made by Shorooq Partners.
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Founded Year | Domain | Location | |
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Early-stage tech-driven businesses are funded by Outliers Venture Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Amwal Tech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Amwal Tech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Amwal Tech Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| domain | founded_year | HQ Location |
Global e-commerce payment processing and security services are managed.
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for businesses and merchants.
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| domain | founded_year | HQ Location |
Financial technology and payment processing solutions are provided by Equiniti.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Amwal Tech
Frequently Asked Questions about Amwal Tech
When was Amwal Tech founded?
Amwal Tech was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Amwal Tech located?
Amwal Tech is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Amwal Tech?
Mohamed Zaghoo is the current CEO of Amwal Tech. They have also founded this company.
Is Amwal Tech a funded company?
Amwal Tech is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Seed of $2.5M, raised on Feb 28, 2023.
What does Amwal Tech do?
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.
Who are the top competitors of Amwal Tech?
Amwal Tech's top competitors include PayU, Flutterwave and ACI Worldwide.
What products or services does Amwal Tech offer?
Amwal Tech offers Bank Installments, Authentication Solutions, and Identity Orchestration.
Who are Amwal Tech's investors?
Amwal Tech has 2 investors. Key investors include Shorooq Partners, and Outliers Venture Capital.