Tech Company Financing Transactions
Zywa Funding Round
Zywa, based in Dubai, secured $3 million in investment from Dubai Future District Fund, Goodwater Capital and Rebel Fund.
Transaction Overview
Company Name
Announced On
8/23/2022
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
Proceeds Purpose
The fund will help us focus on product, growth and strategic partnerships to accelerate our efforts in the UAE and Egypt markets, while prepping us to launch in Saudi Arabia by early 2023," said Kumar.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Unit GA-00 SZ-L1-RT-201, Level 1 Gate Avenue - South Zone,
Dubai, Undisclosed
UAE
Dubai, Undisclosed
UAE
Phone
Undisclosed
Website
Email Address
Overview
Zywa is the first neobank tailored for teenagers in the Middle East and North Africa. Through Zywa, teens are able to spend, receive and manage money without the need for cash, and they can also get rewards and interact with their friends. Using the app, parents can also send money to their kids, which they can spend securely in the safe environment of their parents' oversight.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alok Kumar
Chief Technical Officer
Nuha Hashem
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