Nearpay
Nearpay is a fintech company in Riyadh, Saudi Arabia, founded in 2020. It has raised $18.2M across 3 rounds, most recently a $14.0M Series A in December 2023.
Payment Infrastructure as a Service
- Headquarters
- Riyadh
- Employees
- 11–50
- Founded
- 2020
- Business Model
- B2B
- Website
- nearpay.io
- Total Funding
- $18.2M
- Last Round
- $14.0M Series ADec 2023
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 5 investors for this company. The full record is or through the API.
About
NearPay is a Saudi fintech company that provides Payment Infrastructure as a Service, enabling banks, fintechs, and merchants to bring payments in-house securely and reliably. Founded in 2020 by Mohammed Al-Aiban and Hamza AlFarhan, the company offers SoftPOS (tap-to-pay on phone) solutions that allow any NFC-enabled smart device to accept contactless card payments without dedicated hardware. NearPay's SDK-first platform targets merchants, acquirers, and payment processors in the MENA region and the United States, offering turnkey tap-to-pay infrastructure, full-stack solutions, and white-label options.
Summary
It lists 11–50 employees. It has raised $18.2M in total across 3 rounds, most recently a $14.0M Series A round in Dec 2023. Investors include Sanabil Investments, Musaab Hakami and Vision Ventures.
Tech & App Stack
6 technologies & apps tracked
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Funding History
Dec 2023
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Funding: Series A. Amounts, valuations, and investors where available.
Investors
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