back Back

UAE-based FinTech Ziina is coming to Jordan

By Leandra Monteiro

September 08, 2022

  • Digital Wallet
  • Domestic Payments
  • Expansion
Share

ZiinaZiina, the UAE-based, YC-backed start-up in the Middle East, is looking to expand into Jordan. Having launched their digital wallet in February 2022, and their proprietary payment keyboard, the Ziiboard, just this month, the Jordanian expansion is the latest milestone in a rapid succession of innovation for the FinTech company.

For co-founders Faisal and Sarah Toukan, Ziina’s first international foray represents a sort of homecoming. Both founders grew up in Amman before continuing their higher studies in the United States. Their decision to soon expand to Jordan before any other Middle Eastern country came out of their desire to uplift and strengthen their home country by expanding access to financial services.

Faisal Toukan, CEO and Co-Founder of Ziina said, “The median age in Jordan is around 23 years old, which makes most of the population digitally native. The Central Bank of Jordan has recognized this, naming microfinance, digital financial services, and small and medium-sized enterprise finance among its core sectoral pillars. As a proud Jordanian, I am delighted to introduce Ziina to my home country. Our team have worked tirelessly to develop a product that makes the payment process infinitely faster and more convenient, while also prioritising a delightful user experience. We have no doubt that Ziina will make getting paid much easier for every single Jordanian.”

Today, Ziina is one of the few MENA companies to make it to the Y-Combinator. The company successfully raised USD 9 million during a seed round from prominent investors, including Avenir Growth, Goodwater Capital, ANIM, Oman Technology Fund, Class 5 Global, Long Journey Ventures, Graph Ventures, Jabbar Internet Group, Wamda, and FJ Labs, as well as employees and execs at PayPal, Instagram, Stripe, Revolut, Venmo, Brex, Checkout.com, Notion, Block, Airbnb and Deel.

Previous Article

September 08, 2022

Drawbridge announces growth investment from Francisco Partners

Read More
Next Article

September 08, 2022

Paycor and Payactiv partner to launch mobile app feature, Paycor Wallet

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

Digital Wallet

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Mangopay & ManoMano simplify payments for marketplace sellers

Read More

Today

Alawneh Exchange taps TerraPay to enhance cross border payments

Read More

Today

Jordan Kuwait Bank launches eliWallet with Mastercard and FOO

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024