About CIT VERiCASH
CIT VERiCASH is a company based in Cairo (Egypt) founded in 2000.. CIT VERiCASH offers products and services including Digital Banking, Agency Banking, Digital Payments, and Digital Wallet. CIT VERiCASH operates in a competitive market with competitors including REPAY, Infibeam Avenues, Baobab, Spice Money and PayNearby, among others.
- Headquarter Cairo, Egypt
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Sectors
Financial Services
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Website
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Social
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Products & Services of CIT VERiCASH
CIT VERiCASH offers a comprehensive portfolio of products and services, including Digital Banking, Agency Banking, Digital Payments, and Digital Wallet. 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.
Delivers omnichannel financial services for banks.
Manages agent networks for transaction services.
Facilitates mobile wallet and payment ecosystems.
Enables advanced financial services for users.
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Funding Insights of CIT VERiCASH
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by CIT VERiCASH
| 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 - CIT VERiCASH
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Cit Vericash Comparisons
Competitors of CIT VERiCASH
CIT VERiCASH 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 REPAY, Infibeam Avenues, Baobab, Spice Money and PayNearby, 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 |
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Merchant acquiring solutions are provided for businesses to process payments.
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Digital payment solutions and enterprise software platforms are provided.
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Tailored financial solutions are offered to underserved entrepreneurs and SMEs.
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Digital payment and banking service provider in rural areas
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| domain | founded_year | HQ Location |
Digital payment and banking services are facilitated via retail partnerships.
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| domain | founded_year | HQ Location |
App-based platform offering correspondent banking services to consumers
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about CIT VERiCASH
When was CIT VERiCASH founded?
CIT VERiCASH was founded in 2000.
Where is CIT VERiCASH located?
CIT VERiCASH is headquartered in Cairo, Egypt.
What does CIT VERiCASH do?
Founded in 2000 in Cairo, Egypt, CIT VERiCASH functions as the mobile money payment division of CIT Global within the fintech sector. Software solutions are delivered to financial institutions and mobile network operators, allowing mobile financial services to be accessed by banked, underbanked, and unbanked users. Interoperable multi-wallet systems are supported, with integrations to third-party wallets for broader compatibility. Operations focus on enabling secure, scalable mobile transactions across diverse markets.
Who are the top competitors of CIT VERiCASH?
CIT VERiCASH's top competitors include Spice Money, REPAY and Infibeam Avenues.
What products or services does CIT VERiCASH offer?
CIT VERiCASH offers Digital Banking, Agency Banking, Digital Payments, and Digital Wallet.
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