About Foloosi Technology
Foloosi Technology is a company based in Dubai (United Arab Emirates) founded in 2018 by Mohan K and Omar Bin Brek. Foloosi Technology has raised $2.5 million across 3 funding rounds from investors including Mohammed Alsuwaidi and Rashed Alfasali. Foloosi Technology operates in a competitive market with competitors including Paytm, MoneyGram, Pyypl, Ziina and QIWI, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Mohan K, Omar Bin Brek
- SectorsFinancial Services
- Website category Computers Electronics and Technology · Web Hosting and Domain Names
- Email••••••••
- Phone•••• ••••
- Website foloosi.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$2.5M (USD)
in 3 rounds
- Latest Funding Round$2M (USD), Seed
May 2021
Apps and channels of Foloosi Technology
Foloosi Technology publishes 2 mobile apps with over 5K+ downloads.
Funding Insights of Foloosi Technology
Foloosi Technology has successfully raised a total of $2.5M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in May 2021. 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 $2.5M
- Total Rounds 3
- Last Round Seed — $2M
- Investors Count 2
All 3 funding rounds of Foloosi Technology 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 |
|---|---|---|---|---|---|
| May 2021 | $2M | Seed | – | – | – |
| Sep 2019 | $500,000 | Angel Round | – | Mohammed Alsuwaidi, Rashed Alfasali | – |
| Jun 2019 | – | Angel Round | – | Rashed Alfasali, Mohammed Alsuwaidi | – |
2 investors in total: 0 institutional and 2 angel.
Investors in Foloosi Technology
Foloosi Technology has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Mohammed Alsuwaidi and Rashed Alfasali.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MA Mohammed Alsuwaidi | - | – | unknown_25a2a4ef2d0a4e959 | - |
RA Rashed Alfasali | - | – | unknown_c46a21fcb0014fdc8 | - |
Investor details for Foloosi Technology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Foloosi Technology
5 people are tracked at Foloosi Technology (2 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Mohan K | Co-Founder & Product Head | Leadership |
Omar Bin Brek | Co-Founder & CEO | Leadership |
Nirmal Mahadevan Senthiru | Product Designer | Team |
Thangapandi m | Product Tech Lead | Team |
Sofiya Mohan | Manager | Team |
Complete people profiles for Foloosi Technology
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Foloosi Technology
3 dated milestones of Foloosi Technology across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Foloosi Technology is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $2.0M.
Competitors of Foloosi Technology
Foloosi Technology 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 Paytm, MoneyGram, Pyypl, Ziina and QIWI, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paytm.com | 2000 | Noida, India | $4.14B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| pyypl.com | 2017 | Abu Dhabi, United Arab Emirates | $31M | – | Card-linked wallet services are offered via mobile app for consumers. | |
| ziina.com | 2020 | Dubai, United Arab Emirates | $30.48M | – | App-based digital wallet for consumer payments | |
| qiwi.com | 2008 | Moscow, Russia | – | – | Consumer payments are enabled via a card-linked wallet app. | |
| jinglepay.com | 2017 | Dubai, United Arab Emirates | – | – | NFC-enabled prepaid wallet is linked to cards for payments. | |
| carepay.com | 2015 | Amsterdam, Netherlands | $61.81M | – | Provider of a health insurance platform for global insurers | |
| beamwallet.com | 2012 | Lisbon, Portugal | $27M | – | Digital wallet and reward services for electronic payments are provided. | |
| payby.com | 2005 | Abu Dhabi, United Arab Emirates | – | – | Mobile payment and money transfer app for consumers and businesses |
Detailed competitors of Foloosi Technology
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Foloosi Technology
The website of Foloosi Technology (foloosi.com) receives about 9.2K visits a month and ranks #1,763,079 among all websites worldwide, #4,742 in Web Hosting and Domain Names.
- Monthly visits9.2K
▼ 19.5% vs previous month
- Unique visitors4.7K
per month
- Global rank#1,763,079
among all websites
- Category rank#4,742
Computers Electronics and Technology · Web Hosting and Domain Names
- Bounce rate30%
- Pages per visit2.8
- Average visit29 sec
- DevicesDesktop 27% · Mobile 73%
Websites whose visitors overlap most with Foloosi Technology. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
paymob.ae | paymob.ae | 100% | – | #1,577,578 | – |
ibtevolve.com | ibtevolve.com | 90% | – | #1,837,965 | – |
| canadahitech.com | 89% | 1K | #13,570,841 | View details | |
| payby.com | 86% | 100.2K | #349,091 | View details | |
bluechipgulf.ae | bluechipgulf.ae | 83% | – | #3,223,248 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 27 similar websites and full traffic analytics for Foloosi Technology
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 27 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Foloosi Technology
Complete news archive for Foloosi Technology
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Foloosi Technology
10 companies that operate in the same segment as Foloosi Technology (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 Foloosi Technology
Foloosi Technology was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Foloosi Technology is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Omar Bin Brek is the current CEO of Foloosi Technology. They have also founded this company.
Foloosi Technology is a funded company, having raised a total of $2.5M across 3 funding rounds to date.
Foloosi is an app-based wallet for individuals. Users need to scan the QR code for direct payments from Visa and MasterCard. Services offered include mobile recharge, bill payments, online shopping, and event ticket booking. Allows users to earn reward points for each recharge, bill payment, payment to merchant etc. Also offers an analytical report on card transactions. Available on Android and iOS platforms.
Foloosi Technology has 2 investors. Key investors include Mohammed Alsuwaidi, and Rashed Alfasali.
Yes. Foloosi Technology publishes Foloosi-Recharge, Bill Pay UAE and 1 more app, with over 5,000 downloads.