MadfoatCom vs SWITCH®
MadfoatCom
MadfoatCom is Fintech company focusing on online, real-time bill presentment and payment services (EBPPS)
197 employees · est. 2011 · Amman, Jordan
MadfoatCom is the older company (2011 vs 2016); SWITCH® is the larger of the two.
Side-by-Side Comparison
| Metric | MadfoatCom | SWITCH® |
|---|---|---|
| Founded | ||
| Founded | 2011 older | 2016 |
| Headquarters | ||
| Headquarters | Amman, Jordan | Iraq |
| Employees | ||
| Employees | 197 | 491 larger |
| Industry | ||
| Industry | Financial Services, Fintech, Information Technology | Financial Services, Payments |
| Funding Stage | ||
| Funding Stage | Series B | Not tracked yet |
| Total Funding | ||
| Total Funding | $7.73M | Not tracked yet |
| Funding Rounds | ||
| Funding Rounds | 3 | Not tracked yet |
| Services | ||
| Services | eFAWATEERcom, MadfoatCom Payment Gateways, MadPay, Madfoatcom Vouchers | Not tracked yet |
| Target Customers | ||
| Target Customers | Customers and businesses seeking electronic billing and payment solutions, merchants requiring secure online transaction validation, individuals needing money transfer and bill payment services, online shoppers looking for vouchers for popular games and websites | Not tracked yet |
| Taxonomy | ||
| Taxonomy | Online PaymentDigital PaymentPayment GatewayDigital TransformationElectronic WalletReal-time Bill Presentment +8 | Electronic PaymentPayment SolutionsPayment GatewayDigital BankingFinancial InclusionATM Management +5 |
| Website | ||
| Website | madfooat.com | switch.com.iq |
About MadfoatCom
MadfoatCom is a Fintech company with a focus on online, real-time bill presentment and payment services (EBPPS). Established in 2011 with support from Oasis500 and strategic shareholders from Jordan and GCC, the company aims to connect banks with billers to facilitate bill payment and inquiry throug...
About SWITCH®
SWITCH® describes itself as a "Financial Service and Payment Solution" company registered in Iraq, operating under license (No. 4) from the Central Bank of Iraq, in accordance with Law No. 56 of 2004. The company is authorized to facilitate electronic payment services throughout Iraq. This includes...
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Compiled from the BounceWatch company index. We last looked at MadfoatCom on 26 Feb 2025, and SWITCH® on 26 Feb 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
