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(MENAFN- Mid-East.Data)
United Arab Emirates: Ziina, the UAE-based, YC-backed start-up on a mission to convey monetary freedom to each individual within the Center East, is coming to Jordan. Having launched their digital pockets in February 2022, and their proprietary fee keyboard, the Ziiboard, simply this month, the Jordanian enlargement is the newest milestone in a fast succession of innovation for the fintech firm.
For co-founders Faisal and Sarah Toukan, Ziina’s first worldwide foray represents a type of homecoming. Each founders grew up in Amman earlier than persevering with their increased research in america. Their choice to maneuver into Jordan earlier than another Center Jap nation got here out of their need to uplift and strengthen their house nation by increasing entry to monetary providers.
Faisal Toukan, CEO and Co-Founding father of Ziina stated,“The median age in Jordan is round 23 years previous, which makes a lot of the inhabitants digitally native. The Central Financial institution of Jordan has acknowledged this, naming microfinance, digital monetary providers, and small and medium-sized enterprise finance amongst its core sectoral pillars. As a proud Jordanian, I’m delighted to introduce Ziina to my house nation. Our crew have labored tirelessly to develop a product that makes the fee course of infinitely sooner and extra handy, whereas additionally prioritising a pleasant person expertise. We’ve little doubt that Ziina will make getting paid a lot simpler for each single Jordanian.”
Right this moment, Ziina is likely one of the few MENA corporations to make it to the Y-Combinator. The corporate efficiently raised USD 9 million throughout a seed spherical from outstanding traders, together with Avenir Progress, Goodwater Capital, ANIM, Oman Know-how Fund, Class 5 International, Lengthy Journey Ventures, Graph Ventures, Jabbar Web Group, Wamda, and FJ Labs, in addition to workers and execs at PayPal, Instagram, Stripe, Revolut, Venmo, Brex, Checkout.com, Notion, Block, Airbnb and Deel.
Heralding a brand new age of digital client finance requires a powerful crew. The Jordanian siblings together with their Californian cofounder Andrew Gold have recruited a world-class crew with expertise from the likes of Apple, Uber, Coinbase, Careem, Yandex, Funding Circle, Bain & Co, Talabat and Oracle.
A standout characteristic of Ziina’s product is its design, having been acknowledged and awarded 9 worldwide UI/UX design awards, together with the Purple Dot Award. The interface permits customers to simply ship and obtain funds to anybody in only a few faucets. Ziina eliminates the necessity for tedious IBAN and swift code entry and makes the fee expertise seamless and social, with GIFs, pictures, textual content and emojis.
Ziina believes entry should not be a privilege however a proper. The corporate is targeted on creating state-of-the-art instruments which might be pleasant to make use of, empowering people to achieve extra management of their monetary future. Ziina believes this monetary prosperity needs to be within the palm of your hand; it’s pioneering the way forward for private finance.
Peer-to-peer fee providers are on the rise globally as they remove the necessity to make bodily money funds. For Ziina, Jordan represents the subsequent thrilling chapter within the firm’s mission in the direction of monetary freedom within the Center East.
About Ziina:
Because the UAE’s first customer-centric monetary platform, Ziina is on a mission to simplify finance for everybody. Ship and obtain funds with only a cellphone quantity—no IBAN or swift code required. At the moment obtainable in beta to UAE residents on iOS and Android, the app supplies a seamless approach for family and friends to separate the price of takeout or a grocery invoice. The app has received 9 worldwide UI/UX design awards, together with the Purple Dot Award for Finance app. As Ziina grows, we’re dedicated to creating a brand new age of cash within the Center East and redefining how folks use expertise to remodel their funds.
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