Amwal Tech, a Saudi FinTech startup, raises $2.5m in a Pre-Seed round

SAUDI FINTECH COMPANY AMWAL TECH RAISES $2.5M IN PRE-SEED ROUND

Amwal Tech, a Saudi Arabian FinTech startup, has raised $2.5 million in a Pre-Seed round co-led by Shorooq Partners and Outliers Venture Capital. The company offers a cryptographic biometric checkout solution to enhance online payment security. The funding will be used to expand their presence in the MENA region.

Amwal Tech Secures $2.5M to Revolutionize Payment Authentication

Amwal Tech is a Saudi Arabian FinTech startup founded in 2022 that aims to improve the way money gets authenticated worldwide. They have built a cryptographic biometric checkout solution by abstracting device identity, fraud prevention, and payment tokenization in a single API. One of their key features is the implementation of multi-device authentication tokens (FIDO-passkeys) for payments. Amwal Tech is licensed from Saudi Payments (Saudi Central Bank) and aims to improve authentication and authorization for the MENA $250 billion payment market.

Amwal Tech is a Saudi Arabian FinTech startup that provides a cryptographic biometric checkout solution.

2 years ago

Amwal Tech Secures $2.5M to Revolutionize Payment Authentication

ProblemFinancial Services

Solution

Covered on