About stc pay
stc pay is a Financial Services company based in Riyadh (Saudi Arabia) founded in 2018. An app-based wallet is operated for consumer payments and transfers. stc pay has raised $200 million across 1 funding round from investors including Western Union. The company has 338 employees. stc pay was last valued at $1 billion in November 2020. Its chief executive, as recorded, is Nizar Altwaijri. Its website stcpay.com.sa draws about 242 thousand monthly visits. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include Hala, Tweeq and AlinmaPay; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Riyadh, Saudi Arabia
- Employees 338
- Stage Unicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website stcpay.com.sa
- Social LinkedIn X Facebook
- Total Equity Funding$200M (USD)
in 1 rounds
- Latest Funding Round$200M (USD), Series D
Nov 2020
- Investors
- Employee Count338
Apps and channels of stc pay
stc pay publishes 4 mobile apps with over 1.1M+ downloads.
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 $200M
- Total Rounds 1
- Last Round Series D — $200M
- First Round $200M
(Nov 2020)
- Investors Count 1
All 1 funding rounds of stc pay 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 |
|---|---|---|---|---|---|
| Nov 2020 | $200M | Series D | $1B | Western Union | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2020 | $1B | •••••••• |
Last known valuation $1B (Nov 2020). 1 investors in total: 1 institutional.
Investors in stc pay
stc pay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Western Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of remittance services | 1851 | westernunion.com | Denver, United States |
Investor details for stc pay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of stc pay
46 people are tracked at stc pay (16 in leadership, 8 in board & advisors, 22 in team); the tracked headcount is 338.
| Name | Role | Group |
|---|---|---|
Nizar Altwaijri | CEO | Leadership |
Faisal Alsaber | Group Chief Commercial Officer | Leadership |
Haithem Mohammed Alfaraj | Group Chief Technology Officer | Leadership |
Abdullah Sail Alanizi | Group Chief Internal Audit Officer | Leadership |
Jose D. Valle | Head of Special Projects | Leadership |
Saeed Aldosari Pmp | Director - Business Integration | Leadership |
Moaeed Alsaloom | Group Chief New Markets Officer | Leadership |
Ahmad Musfer Alghamdi | Group Chief Human Resources Officer | Leadership |
Mathad Faisal Alajmi | Group Chief Legal, Risk Officer & General Council | Leadership |
Ameen Fahad Alshiddi | Group Chief Financial Officer | Leadership |
Riyadh Saeed Muawad | Group Chief Business Officer | Leadership |
Abdullah Abdulrahman Alkanhl | Group Chief Strategy Officer | Leadership |
Omar Alothman Mba | Procurement And Admin Director | Leadership |
Megren Almegren | Director Of Partnerships& Banking | Leadership |
Moataz al Sagri | Vice President Finance (cfo) | Leadership |
Fahad Alsagaby | Director Of Business Development | Leadership |
Khaled Al-Jasser | Chairman | Board & advisors |
Saleh Almutawa | Chairman | Board & advisors |
Maha Alsudairy | Board Member | Board & advisors |
Giovanni Angelini | Board Member | Board & advisors |
26 more people are available in the full profile.
Complete people profiles for stc pay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of stc pay
3 dated milestones of stc pay across 2 years, from founding to its latest funding, stage changes and deals.
- Founded stc pay is founded.
- Funding First funding round of $200.0M.
- Milestone Reaches Unicorn status.
Competitors of stc pay
stc pay has 3 listed competitors in our database, 2 of them funded. They include Hala, Tweeq and AlinmaPay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hala.com | 2018 | Riyadh, Saudi Arabia | $168.5M | An app-based wallet is offered for consumer and business payments. | ||
| tweeq.sa | 2020 | Riyadh, Saudi Arabia | $532,848 | Expense tracking and money management are enabled via mobile app. | ||
| alinmapay.com.sa | 2019 | Riyadh, Saudi Arabia | Offers wallet-based payment solutions for consumers. |
Detailed competitors of stc pay
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Web traffic of stc pay
The website of stc pay (stcpay.com.sa) receives about 241.9K visits a month.
- Monthly visits241.9K
▼ 21.8% vs previous month
Websites whose visitors overlap most with stc pay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| stc.com.sa | 100% | 9.4M | #6,555 | View details | |
yamersal.com | yamersal.com | 97% | #1,310,155 | – | |
| onecard.com | 97% | 72.6K | #326,526 | View details | |
iz.com.sa | iz.com.sa | 97% | #1,146,787 | – | |
daleelstore.com | daleelstore.com | 97% | #289,663 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 35 similar websites and full traffic analytics for stc pay
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Related news about 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. It is registered at Riyadh, Riyadh Province, Saudi Arabia.
Nizar Altwaijri is the CEO of stc pay, as recorded in our data.
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 2020.
stc pay has 338 employees.
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.
Yes. stc pay publishes STC Bank and 3 more apps, with over 1.1 million downloads.
The website of stc pay receives about 242 thousand visits a month.