202110 Jan
Cwallet Closes a $220K Pre-Seed Round
Type
Funding Rounds
Funding
202110 Jan
$220KOthers
Source
Waya
Summary

Qatar-based Fintech startup Cwallet has closed a $220K Pre-Seed funding round from its founders and MBK Holding. Cwallet was founded in June 2019 and aims to ​disrupt the current financial landscape model in Qatar. They are now working closely with Qatar Central Bank to obtain all the necessary licenses to launch a payroll and remittance feature in the near future. We are looking to make payment gateways affordable in Qatar, paving the way for smaller businesses to process online transactions with ease and affordability.” Cwallet has won the first Qatar Fintech Hub Hackathon and is currently competing as one of the 20 shortlisted startups globally for the IOE & Seedstars Migration Challenge. Cwallet has also established numerous strategic partnerships with local and global players.

Classifications
  • Fintech & Banking