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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
Investors in stc pay
stc pay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Western Union.
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Provider of remittance services
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Investor details for stc pay
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Investments & Acquisitions by stc pay
Investment portfolio details for stc pay
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Financial Statements - stc pay
Detailed financials for stc pay
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Stc Pay Comparisons
Peer comparison for stc pay
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border payments are enabled via wallet solutions for consumers.
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An app-based wallet is offered for consumer and business payments.
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Expense tracking and money management are enabled via mobile app.
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Provider of a health insurance platform for global insurers
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Offers wallet-based payment solutions for consumers.
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Detailed competitors of stc pay
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Latest news on Stc Pay
Complete news archive for stc pay
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Frequently Asked Questions about stc pay
stc pay was founded in 2018 and raised its 1st funding round 2 years after it was founded.
stc pay is headquartered in Riyadh, Saudi Arabia.
Nizar Altwaijri is the current CEO of stc pay.
stc pay is a funded company, having raised a total of $200M across 1 funding round to date.
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.
stc pay has 1 investor. Key investors include Western Union.
The valuation of stc pay is $1B as of Nov 2020.