About Wafii
Wafii is a company based in Dubai (United Arab Emirates) founded in 2019 by Nassib Barakat and Abdallah Barakat.. Wafii operates in a competitive market with competitors including Surkus and Simba Card, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Nassib Barakat, Abdallah Barakat
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Sectors
TechnologyFinancial Services
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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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Latest Funding Round
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Investors
BeyondCapital
& 1 more
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Employee Count
Employee Count
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Funding Insights of Wafii
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - Wafii | Valuation | GMS Holdings |
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| Jun, 2021 | Amount | Seed - Wafii | Valuation | BeyondCapital |
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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 Wafii
Wafii has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include BeyondCapital and GMS Holdings. 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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Founded Year | Domain | Location | |
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Stock brokerage services are provided by BeyondCapital in Amman, Jordan.
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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 Wafii
| 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 - Wafii
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Wafii Comparisons
Competitors of Wafii
Wafii 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 Surkus and Simba Card, 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 |
Mobile app platform for event promotion
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| domain | founded_year | HQ Location |
Provides prepaid cards, payroll solutions, and remittance services for financial inclusion.
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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 Wafii
Frequently Asked Questions about Wafii
When was Wafii founded?
Wafii was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Wafii located?
Wafii is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Wafii?
Nassib Barakat is the current CEO of Wafii. They have also founded this company.
What does Wafii do?
Wafii was founded in 2019 in Dubai, United Arab Emirates. A mobile platform is operated in the fintech sector, where cashback rewards are provided to users for transactions at partnered merchants. An iOS application is available via the Apple Store, supporting multiple payment options, data encryption for security, and contactless payment methods. Operations focus on facilitating seamless consumer rewards in the region.
Who are the top competitors of Wafii?
Wafii's top competitors include Surkus and Simba Card.
Who are Wafii's investors?
Wafii has 2 investors. Key investors include BeyondCapital, and GMS Holdings.