Zain Ventures invests in Switzerland-based BNPL ZoodPay’s $38 million Series B round
- Date: 11-Nov-2021
- Source: Wamda
- Sector:Financial Markets
- Country:Middle East
Zain Ventures invests in Switzerland-based BNPL ZoodPay’s $38 million Series B round
Press release
The “Buy Now Pay Later” (BNPL) Super App ZoodPay has successfully raised $38M in its latest funding round. The Series B fundraising observed participation from leading global investors including London-based VC Sturgeon Capital, Zain Group’s venture capital arm ‘Zain Ventures’, and other key strategic global investors.
Headquartered in Switzerland, the ZoodPay & ZoodMall app has already more than 8 million users and ten offices across the Middle East and Central Asia. The business commits to delivering a "Swiss quality" shopping experience and cross-border services to merchants and shoppers across fast-growing fintech and e-commerce emerging markets such as Uzbekistan, Iraq, Jordan, Lebanon, and Kazakhstan.
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