IBEA

Riyadh, Saudi Arabia Founded: 2022 • Age: 4 yrs
Automates accounts payable processes for revenue generation via supplier payments and workflows.
Annual revenue $41.4M Latest available
Total funding - Funding intelligence
Employees 653 Tracked headcount
Investors - Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About IBEA

IBEA is a company based in Riyadh (Saudi Arabia) founded in 2022 by Caston I Jackson, Bashir Alasad, and Ismail A Amonette. It operates as a B2B and SaaS. The company has 653 employees as of March 31, 2023. IBEA offers products and services including Dynamic Discounting, Payment Automation, and Supply Chain Finance. IBEA operates in a competitive market with competitors including Flutterwave, PayU, ACI Worldwide, CyberSource and Wirecard, among others.

  • Headquarter Riyadh, Saudi Arabia
  • Employees 653 as on 31 Mar, 2023
  • Founders Caston I Jackson, Bashir Alasad, Ismail A Amonette
  • Sectors
    Technology
  • Phone
    Locked
  • Website
    Locked
  • Social
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  • Jurisdiction Shaikpet, Telangana, India
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $41.42 M (USD)
    59.42
    as on Mar 31, 2023
  • Net Profit
    $6.79 M (USD)
    281.61
    as on Mar 31, 2023
  • EBITDA
    $10.42 M (USD)
    246.16
    as on Mar 31, 2023
  • Latest Funding Round
    Not available
  • Investors
    Not available
  • Employee Count
    653

    as on Mar 31, 2023

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Products & Services of IBEA

IBEA offers a comprehensive portfolio of products and services, including Dynamic Discounting, Payment Automation, and Supply Chain Finance.

Product name locked
Category locked
Primary

Generates revenue by offering early payments to suppliers for discounts

Product name locked
Category locked
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Automates workflows to reduce errors in accounts payable processes

Product name locked
Category locked
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Improves working capital through efficient supplier payment management

Funding Insights of IBEA

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Detailed funding history for IBEA

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Investments & Acquisitions by IBEA

Investments
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Investment portfolio details for IBEA

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Financial Statements - IBEA

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Detailed financials for IBEA

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Ibea Comparisons

IBEA Primary company
Description
Automates accounts payable processes for revenue generation ...
Location
Riyadh, Saudi Arabia
Founded Year
2022
Annual Revenue
$41.42 M (USD)
Net Profit
$6.79 M (USD)
EBITDA
$10.42 M (USD)
Employees
653
As of 2023
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Peer comparison for IBEA

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Competitors of IBEA

IBEA 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 year HQ Location Description
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Digital payments are processed and managed via specialized solutions.
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Global e-commerce payment processing and security services are managed.
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Payment processing solutions are provided for businesses and merchants.
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Mobile and online payment solutions are provided for banks.
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Detailed competitors of IBEA

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Latest news on Ibea

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Complete news archive for IBEA

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Frequently Asked Questions about IBEA

IBEA was founded in 2022.

IBEA is headquartered in Riyadh, Saudi Arabia.

Ismail A Amonette is the current CEO of IBEA. They have also founded this company.

As of Mar 31, 2023, the latest employee count at IBEA is 653.

Annual revenue of IBEA is $41.42M as on Mar 31, 2023.

IBEA provides dynamic discounting and payment automation services to convert accounts payable into a revenue source. It helps businesses optimize cash flow, reduce costs, and improve supplier relationships through automated workflows and ERP integrations. Based in Saudi Arabia, it serves industries like consumer goods, manufacturing, and healthcare by enabling early payments and working capital efficiency, while minimizing risks and errors.

IBEA's top competitors include PayU, Flutterwave and ACI Worldwide.

IBEA offers Dynamic Discounting, Payment Automation, and Supply Chain Finance.

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