About stc pay
stc pay is a company based in Riyadh (Saudi Arabia) founded in 2018.. stc pay has raised $200 million across 1 funding round from investors including Western Union. stc pay operates in a competitive market with competitors including MoneyGram, Hala, Tweeq, CarePay and AlinmaPay, among others.
- Headquarter Riyadh, Saudi Arabia
- Stage Unicorn
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Sectors
Financial Services
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Email
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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
$200 M (USD)
in 1 rounds
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Latest Funding Round
$200 M (USD), Series D
Nov 22, 2020
- Investors
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Employee Count
Employee Count
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Funding Insights of stc pay
stc pay has successfully raised a total of $200M through 1 strategic funding round. The most recent funding activity was a Series D round of $200 million completed in November 2020. 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 D — $200.0M
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First Round
First Round
(22 Nov 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2020 | Amount | Series D - stc pay | Valuation | Western Union |
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| 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 stc pay
stc pay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Western Union. 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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Provider of remittance services
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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 stc pay
| 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 - stc pay
| 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 |
Stc Pay Comparisons
Competitors of stc pay
stc pay 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 MoneyGram, Hala, Tweeq, CarePay and AlinmaPay, 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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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
An app-based wallet is offered for consumer and business payments.
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| domain | founded_year | HQ Location |
Expense tracking and money management are enabled via mobile app.
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
Offers wallet-based payment solutions for 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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Stc Pay
Frequently Asked Questions about stc pay
When was stc pay founded?
stc pay was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is stc pay located?
stc pay is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of stc pay?
Nizar Altwaijri is the current CEO of stc pay.
Is stc pay a funded company?
stc pay is a funded company, having raised a total of $200M across 1 funding round to date. The company's 1st funding round was a Series D of $200M, raised on Nov 22, 2020.
What does stc pay do?
STC Pay was founded in 2018 in Riyadh, Saudi Arabia, within the fintech sector. An app-based wallet is provided for consumer payments, encompassing domestic and international money transfers, bill payments, cash withdrawals, and QR-based transactions. Prepaid cards are offered for online and offline purchases. The application is accessible on iOS and Android platforms, serving users in the region.
Who are the top competitors of stc pay?
Who are stc pay's investors?
stc pay has 1 investor. Key investors include Western Union.
What is stc pay's valuation?
The valuation of stc pay is $1B as of Nov 2020.
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