Saudi fintech firm JeelPay introduced securing $6.6 million (SAR 25 million) in a Pre-Sequence A funding spherical.
Joa Capital, AlJazira Capital and different angel buyers participated within the startup’s newest funding spherical.
The contemporary capital is to be deployed for funding the corporate’s growth plans.
The Purchase Now, Pay Later (BNPL) agency, which gives schooling financing, is likely one of the newest companies to draw important curiosity from buyers trying to money in on the GCC’s rising start-up group.
Center East meals tech start-up Calo has lately raised SAR 94 million in a Sequence B funding spherical.
The agency intends to launch an preliminary public providing (IPO) in Saudi Arabia by 2027.
By its “research now, pay later” scheme, JeelPay allows mother and father to fund upfront their little one’s tuition.
JeelPay can also be trying to develop new financing options and collaborate with establishments within the schooling sector.
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