Qatari fintech KARTY raises QR4.3m in pre-seed round – The Peninsula

Qatari fintech KARTY raises QR4.3m in pre-seed round – The Peninsula

KARTY, the fintech platform that allows customers to spend, save and manage all of their finances from one-app has raised QAR 4.3 million in a pre-seed round from Visa, Qatar Development Bank (QDB), Qatar Foundation & Qatar based angel investors.

The Msheireb based Fintech company aims to revolutionize the daily financial experiences for it’s customers by leveraging cutting-edge technology and transaction data. KARTY is working closely with strategic partner Visa to deliver full digital payment solutions for both consumer and business expenses.

KARTY Co-Founder Abdulaziz Al-Marri stated, “We’re extremely happy with the faith that local institutions such as Qatar Development Bank, Qatar Foundation Qatar Financial Centre, Qatar Fintech Hub and global financial powerhouse VISA has shown in KARTY. We can’t wait for consumers and businesses to see and feel the benefits that KARTY will provide them.

Such as peer-to-peer payments that will allow users to instantly send and receive money to other KARTY customers, interactive charts that will show daily spending, allow them to track spending with automatic categorization or edit transactions manually. All wrapped up in a secure, low-cost, and contactless financial tool.”

KARTY, the fintech app is supported by the two FinTech sector incubators; Qatar Fintech Hub (QFTH) and Qatar Financial Center