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Fawaterak logo — Fawaterak, an online payments platform helping MSMEs to proc...

Fawaterak

Fawaterak, an online payments platform helping MSMEs to process all their payments online in minutes and more.

Founded 2019 Egypt Egypt 28 employees Seed Total: $275.00K E-Commerce, Fintech +2

General Information

Company Name Fawaterak
Founded Year 2019
Location Egypt Egypt +1
Employees 28
Industries E-Commerce, Fintech, Internet +1
Funding Stage Seed
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About Fawaterak

Fawaterak is an PCI Certified online payments platform for MSMEs, established in 2019 and headquartered in Egypt. The company's slogan, "Fawaterak, an online payments platform helping MSMEs to process all their payments online in minutes and more," reflects its core mission. Fawaterak provides a comprehensive solution for small and micro-enterprises, enabling them to accept payments, sell products/services online, and manage their businesses efficiently. The platform offers a range of powerful features, including full branded invoices, product links, promo code and discount systems, ticketing, mini-store, CRM, and advanced reports. In addition, it is seamlessly integrated with over 15 payment methods, including major credit cards, mobile wallets and third-party payment services such as Visa, Mastercard, Meeza, Vodafone Cash, Orange Cash, Banks Mobile Wallets, and Fawry. Fawaterak's in-house development team has collaborated with leading banks and financial institutes in Egypt, demonstrating a strong network and strategic partnerships within the region. The company secured its last investment, a Seed Round investment, on 05 May 2023 with Plug & Play Design as the investor. Fawaterak operates in the E-Commerce, Fintech, Internet, and Payments industries, positioning itself at the intersection of technological innovation and financial services for the rapidly growing MSME market.

Taxonomy: online payments platform, MSMEs, PCI Certified, end to end solution, branded invoices, product links, promo code system, discount system, ticketing system, mini-store, advanced reports, integrated payment methods, Egypt, financial institutes

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 1 •••• •••• 05 May 2023
Seed Round •••••• 2
Investor
•••• •••• 		01 May 2022
Pre Seed Round •••••• 1
Investor
30 May 2019

Fawaterak Alternatives & Competitors

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Outpayce from Amadeus
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FAQ About Fawaterak

Fawaterak, an online payments platform helping MSMEs to process all their payments online in minutes and more.
Fawaterak was founded in 2019.
Fawaterak is headquartered in Egypt.
Fawaterak operates in the following industries: E-Commerce, Fintech, Internet, Payments.
Fawaterak has approximately 28 employees.
Fawaterak has completed 3 funding rounds, raising a total of $275.00K. The latest funding stage is Seed.
Top alternatives and competitors to Fawaterak include Boavigna Payments Private Limited, Bussr, Outpayce from Amadeus, Phi Commerce, Taler Systems S.A.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Fawaterak and Boavigna Payments Private Limited are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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