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June 1, 2021

Dibsy raises funds to bolster payment transactions in MENA region

By Johney Amala

Qatar-based fintech startup Dibsy has raised $300,000 in a pre-Seed funding round to transform payment transactions across Middle East and Arabian region.

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Founded by Ahmed Isse, Loyan Farah, and Anouar El Mekki in 2020, the startup provides a platform that allows online and offline businesses to accept multiple types of online payment.

It is said to offer ‘affordable, straightforward onboarding and fast integration with simple APIs’, enabling businesses to accept payments via their website, apps, or messaging platforms.

According to Dibsy, this technology will particularly benefit merchants who have not shifted their business to the digital space as it enables them to use SMS, WhatsApp, email, or social media platforms to send out payment links to customers.

According to El Mekki, this tool will have an easy integration for online checkouts.

Dibsy will use the new capital to bolster its team and grow its market share in Qatar.

The company also intends to ram up its scope to offer more services connected to its payment solutions.

Farah noted: “We started Dibsy to enhance payment services with businesses in mind.”

The pre-Seed funding round, which was closed late last year, was led by Salem Khalaf Al Mannai with participation from local angel investors.

This week, digital payment firm SkipCash struck a strategic alliance with online food ordering and delivery service provider Foodak.

The Qatar-based companies said they are collaborating to offer a new contactless mobile payment option for customers, to boost safety amid the ongoing Covid-19 pandemic.

In March this year, MoneyGram International announced a five-year extension to its partnership with telecommunications operator Ooredoo Qatar.

 

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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