United Arab Emirates
MenaPay, founded in 2018, is pioneering a revolutionary approach to financial inclusivity in the Middle East & Africa. Known for its slogan, "One-click to financial solutions and entertainment", the company aims to bridge the financial gap for the unbanked population through a blockchain-based platform. It positions itself as a Super Application incorporating both financial and non-financial services, emphasizing the use of MenaCash, a stable cryptocurrency.
Headquartered in the United Arab Emirates, MenaPay offers a unique digital banking alternative adhering to Islamic Finance rules, and connects consumers with the digital economy via a seamless offline and online reseller network. Catering to over 400 million people across 18 countries, its platform fosters a transparent and efficient ecosystem for payments.
The last recorded investment was an Early VC investment on 01 August 2020, led by Coinshares Ventures, highlighting the growing investor interest in fintech solutions tailored for emerging markets.
