Saudi EdfaPay Taps Into Moroccan Market
EdfaPay will provide its financial solutions, such as Soft POS and Payment Gateway, to merchants and customers throughout Morocco.
Saudi-based fintech EdfaPay has announced its entry into the Moroccan market after securing an official operating license.[1]
EdfaPay will provide its financial solutions, such as Soft POS and Payment Gateway, to merchants and customers throughout Morocco.
In April, EdfaPay announced that its arm, WePay, secured a license for its financial payment solutions in Tunisia, in collaboration with We-Settle.
A month earlier, EdfaPay partnered with Pakistani Digikhata. Through this collaboration, Soft-POS solutions are provided to over 100,000 merchants in Pakistan to enhance payment systems.
Established in 2022 by Ghormallah Alghamdi and Nedal Sabbah, EdfaPay provides SMEs with a tap-to-pay solution using smartphones instead of traditional POS devices.
In 2023, Edfapay raised $1.6 million in a pre-seed investment round led by Nuwa Capital, InspireUs VC, and Wallan Investment group, alongside other angel investors.[2]
