About Tweeq
Tweeq is a company based in Riyadh (Saudi Arabia) founded in 2020 by Abdulaziz Almalki and Saeed Albuhairi was acquired by Tabby in September 2024.. Tweeq has raised $532.85 thousand across 2 funding rounds from investors including Tabby, STV and RAED Ventures. Tweeq operates in a competitive market with competitors including MoneyGram, Hala, stc pay, CarePay and AlinmaPay, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Abdulaziz Almalki, Saeed Albuhairi
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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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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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(10 Oct 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Seed - Tweeq | Valuation | STV , Raed Ventures |
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| Oct, 2020 | Amount | Seed - Tweeq | Valuation |
investors |
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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 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. 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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Growth equity is provided for early-stage tech startups by STV.
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Founded Year | Domain | Location | |
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Early-stage tech startups are invested in by Raed Ventures.
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Founded Year | Domain | Location | |
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Purchase financing solutions are offered to businesses via installment payments.
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Founded Year | Domain | Location |
| Investor | Description | 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 Tweeq
| 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 - Tweeq
| 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 |
Tweeq Comparisons
Competitors of Tweeq
Tweeq 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, stc pay, 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 |
|---|---|---|---|---|
| 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 |
An app-based wallet is operated for consumer payments and transfers.
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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 |
|---|---|---|---|---|
| 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 Tweeq
Frequently Asked Questions about Tweeq
When was Tweeq founded?
Tweeq was founded in 2020.
Where is Tweeq located?
Tweeq is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Tweeq?
Saeed Albuhairi is the current CEO of Tweeq. They have also founded this company.
Is Tweeq a funded 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 10, 2020.
What does Tweeq do?
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.
Who are Tweeq's investors?
Tweeq has 3 investors. Key investors include Tabby, STV, and RAED Ventures.
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