News

Qatari FinTech KARTY Secures Over $2 Million in Seed Funding

KARTY is currently awaiting final approval and licensing from the Qatar Central Bank.

By Inc.Arabia Staff
images header

Qatari fintech startup, KARTY, has concluded its seed funding round worth over $2 million from diverse local investors, as per an emailed press release to Inc Arabia.

KARTY is currently awaiting final approval and licensing from the Qatar Central Bank.

Having secured in-principle approval for development and demonstration through a strategic partnership with Masraf Al Rayan, KARTY is fully compliant with Qatar Central Bank regulations, gearing up for the official launch of its e-wallet and financial resource management application.

KARTY’s e-wallet will feature payment functionalities supported by Visa.

This encompasses instant peer-to-peer money transfers, real-time oversight of daily expenditures, and interactive charts for tracking spending patterns.

The fintech platform that allows customers to spend, save, and manage all their finances from one app has raised $1.18m last year, in a pre-seed round. The round included Visa, Qatar Development Bank (QDB), Qatar Foundation, and Qatar-based angel investors.

Last update:
Publish date: