Karty, Qatar’s FinTech startup, raises $1.1m in a pre-seed round

Karty, Qatar’s FinTech startup, raises $1.1m in a pre-seed round

Karty, a fintech platform that allows customers to spend, save and manage all their finances from one-app has raised 4.3 million Qatari riyals, which accounts to almost $1.18m, in a pre-seed round. The round included Visa, Qatar Development Bank (QDB), Qatar Foundation and Qatar based angel investors.

The FinTech aims to revolutionise the daily financial experiences for its customers by leveraging technology and transaction data and it works with its partner Visa to deliver full digital payment solutions for both consumer and business expenses.

“We can’t wait for consumers and businesses to see and feel the benefits that KARTY will provide them. Such as peer-to-peer payments that will allow users to instantly send and receive money to other KARTY customers, interactive charts that will show daily spending, allow them to track spending with automatic categorisation or edit transactions manually. All wrapped up in a secure, low-cost, and contactless financial tool,” Abdulaziz al-Marri, Co-founder of Karty, said.

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