Moyasar Platform Announces $21 Million Funding Triumph

Moyasar Platform Announces $21 Million Funding Triumph

By Staff Writer, 08 March 2024

During the "Leap" tech conference in Riyadh, Moyasar platform announced the successful conclusion of a seed investment round, securing a total of $21 million in funding.

The conference, held from March 4 to March 7, 2024, under the theme "New Horizons," provided the ideal backdrop for this significant development.

As a licensed platform by the Saudi Central Bank (SAMA), Moyasar is a key player in the electronic payment solutions landscape in the Kingdom of Saudi Arabia, with its headquarters situated in Riyadh.

Established by young Saudi entrepreneurs, Moyasar embarked on a journey of market research to discern the most effective methodologies.

This groundwork was followed by the development of a financial infrastructure tailored to the local market's needs, facilitating secure and seamless electronic payment solutions.

Moyasar has positioned itself as the preferred choice for e-commerce professionals and innovators, underpinned by its commitment to offering cutting-edge electronic payment solutions.

The company boasts a range of distinctive products catering to various needs within the market.

Continuous innovation and product development have been pivotal to Moyasar's journey thus far.

The company's software interfaces are renowned for their simplicity and adaptability, bolstered by an expert IT team based in Saudi Arabia.

In line with its dedication to security and reliability, Moyasar has obtained the PCI Compliance certificate, ensuring a robust and secure environment for customer transactions.

Furthermore, Moyasar supports merchants with an array of payment methods, including Mada, Visa, Mastercard, American Express, Apple Pay, and STCPay, catering to diverse consumer preferences.

Source: EntArabi

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