About MadfoatCom
MadfoatCom is a Financial Services company based in Amman (Jordan) founded in 2011 by Nasser Saleh, and was acquired by Basata in February 2025. It operates as a real-time bill presentation and payment services are delivered to businesses. MadfoatCom has raised $2.3 million across 3 funding rounds from investors including Cairo Amman Bank, Capital Bank of Jordan and DIFC. Its chief executive is Nasser Saleh. Its website madfoat.com draws about 27 thousand monthly visits. Its focus areas include FinTech, Payments, Business Payments and Bill Payments.
Company details
MadfoatCom was established in 2011 in Amman, Jordan, within the fintech sector. Electronic bill presentation and payment solutions are offered to businesses, governments, and end-users. Access to digital financial services is facilitated, with real-time options provided for bills and invoices. Operations center on enabling efficient payment processing across various entities in the region.
- Total Equity Funding$2.3M (USD)
in 3 rounds
- InvestorsCairo Amman Bank
& 5 more
- Acquired byBasata
(Feb 2025)
Funding Insights of MadfoatCom
MadfoatCom has successfully raised a total of $2.3M across 3 strategic funding rounds. 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 $2.3M
- Total Rounds 3
- Investors Count 5
All 3 funding rounds of MadfoatCom 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 |
|---|---|---|---|---|---|
| Sep 2022 | – | Seed | – | DIFC | – |
| Apr 2018 | $2.3M | Seed | – | Arab Palestinian Investment Company | – |
| Jun 2017 | – | Debt – Conventional | – | – |
6 investors in total: 6 institutional.
Investors in MadfoatCom
MadfoatCom has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Cairo Amman Bank, Capital Bank of Jordan and DIFC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An investment holding company with diverse regional subsidiaries is operated. | 1994 | apic.ps | Ramallah, Palestine | |
Global financial centre promoting trade, investment, and innovation in Dubai. | 2004 | difc.ae | Dubai, United Arab Emirates | |
Commercial banking services are provided in Jordan by Capital Bank. | 1995 | capitalbank.jo | Amman, Jordan | |
Commercial banking services are provided in Jordan since 1960. | 1960 | cab.jo | Amman, Jordan | |
Functions as a commercial bank providing deposits, loans, and payment services. | 1978 | bankaletihad.com | Amman, Jordan | |
Basata is engaged in selling everyday clothing and accessories online. | – | basata.co.in | - |
Investor details for MadfoatCom
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of MadfoatCom
23 people are tracked at MadfoatCom (7 in leadership, 1 in board & advisors, 15 in team).
| Name | Role | Group |
|---|---|---|
Nasser Saleh | Founder & CEO | Leadership |
Ali Awartany | Chief Compliance & Risk Management Officer | Leadership |
Ahmad Makki | HR Director | Leadership |
Ala Alsallal | CEO Iraq | Leadership |
Bassam Alashqar | VP - Business Development , Partner | Leadership |
Ahmad Naddaf | Customer Care Director | Leadership |
Mahmoud H. Ghunaim | Regional Expansion Director | Leadership |
Nasser S. | Executive Chairman, Founder at MadfoatCom for ePayments | Board & advisors |
Shoroq Alqaissi | Business Development Manager | Team |
Mohye Al-deen Fararjeh | Sr. Support And Implementation Officer | Team |
Amer Abu Sherbi | Sales Manager | Team |
Mohammad abd alkaream | Sales Officer | Team |
Odai Aldroubi | Sales Agent | Team |
Abdulsalam Obeidat | Senior Business Development Officer | Team |
Laila Tbeleh | Sales And Marketing Specialist | Team |
AbdAlRahman Awartani | Corporate Sales Manager | Team |
Mohammad Kanaan, CCM, CAMS | Compliance Manager | Team |
Ahmad Irshaid | Customer Service Agent | Team |
Laila Hasan | Customer Service Agent | Team |
AHMAD AL-RAQQAD | Senior Support And Implementation Officer | Team |
3 more people are available in the full profile.
Complete people profiles for MadfoatCom
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 MadfoatCom
4 dated milestones of MadfoatCom across 14 years, from founding to its latest funding, stage changes and deals.
- Founded MadfoatCom is founded.
- Funding First funding round.
- Funding Latest funding round, Seed,.
- Exit Acquired by Basata.
Web traffic of MadfoatCom
The website of MadfoatCom (madfoat.com) receives about 27.4K visits a month.
- Monthly visits27.4K
▲ 2.6% vs previous month
Websites whose visitors overlap most with MadfoatCom. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as MadfoatCom (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
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, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Madfoatcom
Complete news archive for MadfoatCom
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Frequently Asked Questions about MadfoatCom
MadfoatCom was founded in 2011 and raised its 1st funding round 6 years after it was founded.
MadfoatCom is headquartered in Amman, Jordan.
Nasser Saleh is the current CEO of MadfoatCom. They have also founded this company.
MadfoatCom is a funded company, having raised a total of $2.3M across 3 funding rounds to date.
MadfoatCom was established in 2011 in Amman, Jordan, within the fintech sector. Electronic bill presentation and payment solutions are offered to businesses, governments, and end-users. Access to digital financial services is facilitated, with real-time options provided for bills and invoices. Operations center on enabling efficient payment processing across various entities in the region.
MadfoatCom has 6 investors. Key investors include Cairo Amman Bank, Capital Bank of Jordan, DIFC, Arab Palestinian Investment Company, and Bank al Etihad.
Yes. MadfoatCom was acquired by Basata in February 2025.