KARTY, a burgeoning FinTech startup based in Qatar, has successfully completed a notable seed funding round, securing an impressive $2m.
This capital injection comes from a diverse group of local investors, according to a report from IBS Intelligence.
The newly acquired funds are earmarked for the launch and scaling of KARTY’s e-wallet and financial resource management application. This platform is designed to offer a multitude of premium services, including instant peer-to-peer money transfers, meticulous oversight of daily spending, and insightful tracking of spending patterns through interactive charts. These features collectively aim to significantly bolster the financial literacy and management prowess of KARTY’s clients, all seamlessly integrated into a single, secure financial e-Wallet.
In addition to the seed funding, KARTY has received notable direct funding from both local and international investors, bolstered by support from prestigious entities such as the Qatar Foundation, Qatar Development Bank, Qatar FinTech Hub, Masraf Al Rayan, and global giants like Visa.
KARTY co-founder and CEO, Mohammed Suleiman, expressed his gratitude and excitement, saying, “We are immensely proud of the trust our investors have placed in KARTY. Their belief in our vision to provide innovative solutions for managing financial assets through our e-Wallet is exhilarating. To date, KARTY has garnered significant direct funding from local and international investors, supplemented by support from esteemed institutions like Qatar Foundation, Qatar Development Bank, Qatar FinTech Hub, Masraf Al Rayan, and global entities such as Visa.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
