About Koinz
Koinz is a company based in Riyadh (Saudi Arabia) founded in 2019 by Ahmed Said and Hussein Momtaz.. Koinz has raised $4.8 million across 1 funding round from investors including JAM Fund, Justin Mateen and 4DX Ventures. Koinz operates in a competitive market with competitors including Jahez, The Chefz, Jahez, Shgardi and Lugmety, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Ahmed Said, Hussein Momtaz
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.8 M (USD)
in 1 rounds
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Latest Funding Round
$4.8 M (USD), Series A
Mar 08, 2021
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Investors
JAM Fund
& 2 more
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Employee Count
Employee Count
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Funding Insights of Koinz
Koinz has successfully raised a total of $4.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.8 million completed in March 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 Total Funding
- Total Rounds 1
- Last Round Series A — $4.8M
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First Round
First Round
(08 Mar 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - Koinz | Valuation | Justin Mateen |
| 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 Koinz
Koinz has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include JAM Fund, Justin Mateen and 4DX Ventures. 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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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage investments in technology companies are targeted by 4DX Ventures.
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Founded Year | Domain | Location | |
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JM
Justin Mateen |
Co-founder of Tinder, active angel investor in Indian startups
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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 Koinz
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Koinz
| 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 |
Koinz Comparisons
Competitors of Koinz
Koinz 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 Jahez, The Chefz, Jahez, Shgardi and Lugmety, 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 |
Food discovery and ordering are enabled via an online platform.
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| domain | founded_year | HQ Location |
An online platform for food discovery and ordering is operated.
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| domain | founded_year | HQ Location |
Food discovery and ordering are enabled via an online platform.
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| domain | founded_year | HQ Location |
Online plattform for food and grocery delivery services
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| domain | founded_year | HQ Location |
Lugmety is an online platform that delivers food from local restaurants to customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Koinz
When was Koinz founded?
Koinz was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Koinz located?
Koinz is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Koinz?
Hussein Momtaz is the current CEO of Koinz. They have also founded this company.
Is Koinz a funded company?
Koinz is a funded company, having raised a total of $4.8M across 1 funding round to date. The company's 1st funding round was a Series A of $4.8M, raised on Mar 08, 2021.
What does Koinz do?
Koinz was established in 2019 in Riyadh, Saudi Arabia, as an app-based platform focused on food ordering and delivery. Operations are centered in the food delivery sector, where users place orders through the mobile application accessible at getkoinz.com. Services connect customers with local restaurants for seamless transactions and deliveries within the region. Leadership is provided by co-founders Hussein Momtaz, serving as CEO, and Ahmed Said, serving as CTO.
Who are Koinz's investors?
Koinz has 3 investors. Key investors include JAM Fund, Justin Mateen, and 4DX Ventures.
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