EdfaPay raised $5M in a Pre-Series A funding round led by OmanTel Innovation Labs to strengthen its foothold in the Saudi market and expand into the MENA region.
Amount Raised
$5 Million
Round Type
Pre-Series A
OlayaFinancial ServicesPaymentsFinanceFintechMobile PaymentsInvestors
Description
EdfaPay has secured a $5 million Pre-Series A funding round led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment. This investment aims to bolster EdfaPay's expansion into Oman and enhance its fintech solutions across the region.
Quick answer
EdfaPay raised $5 Million in a Pre-Series A round, dated November 20, 2024. Investors: Waad Investment, Omantel Innovation Labs, Sanabel 500, Nuwa Capital and Aljabr MENA. EdfaPay is based in Olaya, Riyadh, Saudi Arabia.
- How much did EdfaPay raise?
- EdfaPay raised $5 Million in a Pre-Series A round on November 20, 2024.
- Who invested in EdfaPay?
- Waad Investment, Omantel Innovation Labs, Sanabel 500, Nuwa Capital and Aljabr MENA are named as investors in this round.
- What does EdfaPay do?
- EdfaPay is a leading fintech platform founded in 2022, based in Riyadh.
- Where is EdfaPay based and how big is it?
- EdfaPay is based in Olaya, Riyadh, Saudi Arabia. Fundz records about 34 employees.
- Who are the decision-makers at EdfaPay?
- Fundz holds 2 contacts at EdfaPay. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Payments around the same time
Companies in the same sectors as EdfaPay that raised within 45 days of this round, from Fundz verified event records.
- HUB2 raised $8.5M (Series A) on December 2, 2024.
- Volume raised $6M (Funding Round) on December 17, 2024.
- Billboxx raised $1.6M (Pre-Seed) on December 11, 2024.
- Aevi raised $5.3M (Debt Financing) on November 25, 2024.
- Klasha raised $2M (Seed) on October 17, 2024.
- Fold raised $20M (Convertible Note) on December 30, 2024.
Who to call at EdfaPay, and when
A new round usually means EdfaPay is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day EdfaPay raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at EdfaPay, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at EdfaPay. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment EdfaPay raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
EdfaPay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.