– The FanZ App, dedicated to football enthusiasts, secures a funding round worth 5.6 million Saudi riyals (approximately 1.5 million US dollars).

– Notable participants in the funding round include Saudi national team stars Salem Aldwsari and Firas Albrikan, alongside international investment firms like 500Global and Le Augure, and several angel investors.

– With a user base of two million within just 15 months of its launch, FanZ plans to utilize the funding to expand its user base, introduce new features, and enter new markets to establish itself as a leading platform in the digital sports landscape.

The FanZ App, a dynamic platform tailored for football enthusiasts, has announced the successful closure of a funding round amounting to 5.6 million Saudi riyals (equivalent to 1.5 million US dollars).

Khaled Alkhudair, co-founder of FanZ, revealed to the Goal website that the app has swiftly amassed a user base of two million within a mere 15 months.

He expressed that this investment round signifies a significant milestone in FanZ’s journey, affirming investor confidence in the platform’s potential and business model.

With this infusion of funding, FanZ intends to further expand its user base, introduce innovative features, and elevate user engagement. Moreover, the company aims to venture into new markets, aspiring to establish itself as the premier platform in the digital sports realm.

This round witnessed the participation of notable Saudi national team stars like Salem Aldwsari and Firas Albrikan, alongside international investment firms such as 500Global and Le Augure, along with numerous angel investors.

Since its launch in 2022, the FanZ app has revolutionized the football fan experience through prediction contests and fantasy leagues, offering users a unique interactive engagement. Users can showcase their predictive skills in match outcomes and curate virtual teams, while also engaging in the thrill of buying and selling player cards.

The app serves as a comprehensive resource hub for all local and international football leagues, providing users with access to match schedules, results, events, and statistics.