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
- SectorsTechnologyFinancial Services
- Website wafii.co/business
- Social LinkedIn Facebook
- InvestorsBeyondCapital
& 1 more
Funding Insights of Wafii
- Total Rounds 2
- Investors Count 2
All 2 funding rounds of Wafii 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 |
|---|---|---|---|---|---|
| Oct 2022 | – | Seed | – | GMS Holdings | – |
| Jun 2021 | – | Seed | – | BeyondCapital | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | gmsholdings.com | - | |
Stock brokerage services are provided by BeyondCapital in Amman, Jordan. | – | beyondcapital.vc | Amman, Jordan |
Investor details for Wafii
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Wafii
2 people are tracked at Wafii (2 in leadership).
| Name | Role | Group |
|---|---|---|
Nassib Barakat | Co-Founder & CEO | Leadership |
Abdallah Barakat | Co-Founder | Leadership |
Complete people profiles for Wafii
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Wafii
3 dated milestones of Wafii across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Wafii is founded.
- Funding First funding round.
- Funding Latest funding round, Seed,.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| surkus.com | 2015 | Los Angeles, United States | $18.5M | – | Mobile app platform for event promotion | |
| simbacard.com | 2020 | Dubai, United Arab Emirates | – | – | Provides prepaid cards, payroll solutions, and remittance services for financial inclusion. |
Detailed competitors of Wafii
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Wafii
The website of Wafii (wafii.co) receives about 4.8K visits a month.
- Monthly visits4.8K
▲ 38.4% vs previous month
Latest news on Wafii
Complete news archive for Wafii
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Wafii
10 companies that operate in the same segment as Wafii (Loyalty & Engagement Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cashback is provided on multi-category product purchases via mobile app. | 2012 | Denver, Colorado, United States | USD 97.58 M | USD 342.39 M | 886 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
AI-powered loyalty management software is offered for enterprises. | 2008 | Bengaluru, Karnataka, India | USD 239.1 M | USD 78.34 M | 571 | |
Loyalty management solutions are provided for offline retail stores. | 2012 | San Francisco, California, United States | USD 23.1 M | – | 23 | |
Card-linked marketing solutions are provided to banks and financial institutions. | 2008 | Atlanta, Georgia, United States | USD 178 M | USD 233.27 M | 454 | |
Cloud-based loyalty solutions for restaurants and stores are provided. | 2001 | Newton, Massachusetts, United States | USD 75 M | – | 234 | |
Promotion management and cashback solutions are provided to retailers. | 2016 | Washington, District Of Columbia, United States | USD 250 M | – | – | |
Digital gift cards are provided for enterprise incentive programs. | 2009 | Seattle, Washington, United States | USD 57.01 M | – | 267 | |
Online platform to create, run and manage promotional campaigns | 2015 | Berlin, Berlin, Germany | USD 138.4 M | – | 58 | |
Cloud-based CRM, loyalty, and conversational commerce solutions are delivered. | 2011 | Gurugram, Haryana, India | USD 15.31 M | USD 7.81 M | 264 |
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Frequently Asked Questions about Wafii
Wafii was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Wafii is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Nassib Barakat is the current CEO of Wafii. They have also founded this company.
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.
Wafii's top competitors include Surkus and Simba Card.
Wafii has 2 investors. Key investors include BeyondCapital, and GMS Holdings.