About Tweeq
Tweeq is a Financial Services company based in Riyadh (Saudi Arabia) founded in 2020 by Abdulaziz Almalki and Saeed Albuhairi, and was acquired by Tabby in September 2024. Expense tracking and money management are enabled via mobile app. Tweeq has raised $532.85 thousand across 2 funding rounds from investors including Tabby, STV and RAED Ventures. Its chief executive, as recorded, is Saeed Albuhairi. Its website tweeq.sa draws about 14 thousand monthly visits. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include Hala, stc pay and AlinmaPay; 2 of its 3 listed competitors have raised funding.
Company details
Tweeq was established in 2020 in Riyadh, Saudi Arabia, within the fintech sector. An app-based platform is utilized for managing expenses and finances. User spending is monitored, budgets are set, and funds are overseen through the interface. A dedicated card is issued to facilitate payment transfers and receipts. Compatibility is ensured with iOS and Android systems.
Apps and channels of Tweeq
Tweeq publishes 2 mobile apps with over 50K+ downloads.
Funding Insights of Tweeq
Tweeq has successfully raised a total of $532.85K across 2 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 $532,848
- Total Rounds 2
- First Round $532,848
(Oct 2020)
- Investors Count 2
All 2 funding rounds of Tweeq 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 |
|---|---|---|---|---|---|
| Jun 2021 | Seed | β | STV, Raed Ventures | β | |
| Oct 2020 | $532,848 | Seed | β | β | β |
3 investors in total: 3 institutional.
Investors in Tweeq
Tweeq has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Tabby, STV and RAED Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth equity is provided for early-stage tech startups by STV. | stv.vc | Riyadh, Saudi Arabia | ||
Early-stage tech startups are invested in by Raed Ventures. | raed.vc | Riyadh, Saudi Arabia | ||
Purchase financing solutions are offered to businesses via installment payments. | 2019 | tabby.ai | Dubai, United Arab Emirates |
Investor details for Tweeq
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 Tweeq
9 people are tracked at Tweeq (3 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Abdulaziz Almalki | Co-Founder & CTO | Leadership |
Saeed Albuhairi | Co-Founder & CEO | Leadership |
Mohamed Sadek | Vice President Of Engineering | Leadership |
Mohammad Abdul Faheem Nasir | Operations Manager | Team |
Ahmed Zagzoog | Anti-fraud Opreations Lead | Team |
Chetan Chaudhary | Analytics Manager | Team |
Haitham Alsaeed | Senior Software Engineer | Team |
Hamza Azam | Software Engineer | Team |
Yaser Sulaiman | Program Manager | Team |
Complete people profiles for Tweeq
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Tweeq
4 dated milestones of Tweeq across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Tweeq is founded.
- Funding First funding round of $533K.
- Funding Latest funding round, Seed,.
- Exit Acquired by Tabby.
Competitors of Tweeq
Tweeq has 3 listed competitors in our database, 2 of them funded. They include Hala, stc pay 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. | ||
| stcpay.com.sa | 2018 | Riyadh, Saudi Arabia | $200M | An app-based wallet is operated for consumer payments and transfers. | ||
| alinmapay.com.sa | 2019 | Riyadh, Saudi Arabia | Offers wallet-based payment solutions for consumers. |
Detailed competitors of Tweeq
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- Full competitor set
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Web traffic of Tweeq
The website of Tweeq (tweeq.sa) receives about 14K visits a month.
- Monthly visits14K
▲ 0.6% vs previous month
Websites whose visitors overlap most with Tweeq. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
tuwaiq.shop | tuwaiq.shop | 100% | #4,259,791 | β | |
tuwaiqeg.com | tuwaiqeg.com | 35% | β |
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Related news about Tweeq
Complete news archive for Tweeq
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Frequently Asked Questions about Tweeq
Tweeq was founded in 2020.
Tweeq is headquartered in Riyadh, Saudi Arabia.
Saeed Albuhairi is the CEO of Tweeq, as recorded in our data. They have also founded this company.
Tweeq is a funded company, having raised a total of $532.85K across 2 funding rounds to date. The company's 1st funding round was a Seed of $532.85K, raised on Oct 2020.
Tweeq was established in 2020 in Riyadh, Saudi Arabia, within the fintech sector. An app-based platform is utilized for managing expenses and finances. User spending is monitored, budgets are set, and funds are overseen through the interface. A dedicated card is issued to facilitate payment transfers and receipts. Compatibility is ensured with iOS and Android systems.
Tweeq has 3 investors. Key investors include Tabby, STV, and RAED Ventures.
Yes. Tweeq was acquired by Tabby in September 2024.
Yes. Tweeq publishes Tweeq - Ψ·ΩΩΩ and 1 more app, with over 50,000 downloads.