Award winning Qatar fintech startup CWallet closes $875,000 Pre-Series A round

Award winning Qatar fintech startup CWallet closes $875,000 Pre-Series A round

Closing of the Pre-Series A Investment Round comes as the company nears the planned month-end release of its CWallet Mobile Money 4.0 version to coincide with the startup’s third anniversary.

“It’s been a long and winding round, but it’s perfect timing to officially close this round,” said Michael Javier, CWallet’s CEO and Founder. “We want to thank all our investors, the team, the CWallet family, our local and international strategic partners, and all our stakeholders that have supported us. As we ready to celebrate our third anniversary we see an even brighter and bigger horizon ahead of us. I believe that the actual startup journey is about to begin!”

Dr. Abdulmohsin Al Yafei, CWallet COO and Co-Founder said the closing of the Pre-Series A round is a company development landmark enabling it to push forward its growth plans.

“Closing this essential milestone at this time will help accelerate our expansion. We are excited at the prospect of launching new services and in furthering our goal to include everyone in our digital enabling and inclusive ecosystem to promote financial inclusion and literacy in a cashless society without leaving anyone behind,” he said.

The soon-to-launch CWallet Mobile Money 4.0 version will have a remittance feature developed