geidea

Geidea, founded in 2008 by entrepreneur Abdullah Faisal Al-Othman, is a prominent player in the payments and commerce technology landscape. The company's mission, encapsulated by its slogan, "We are on a mission to help merchants start, run and grow their businesses," focuses on empowering small to medium businesses through accessible and affordable payment solutions.

Based in Riyadh, Saudi Arabia, Geidea serves over 150,000 merchants and operates more than 700,000 payment terminals, boasting a 75% market share in Saudi Arabia. Their innovative 2-in-1 business solution allows seamless acceptance of various payment types, while providing robust tools for inventory and sales management via a single app.

The company last received a Private Equity Round investment on 07 May 2018 from Gulf Capital. As a leading player in the GCC region, with expansions in the United Arab Emirates and Egypt, Geidea exemplifies strategic inclusivity and forward-thinking in an industry ripe for digital transformation.