Waffarha.com Secures Seven-Figure Seed Round from Saudi VMS
The partnership with VMS will facilitate Waffarha.com's expansion into Saudi Arabia.
Egypt-based Fintech Waffarha has secured a seven-figure Seed round from Saudi Venture Studio (VMS).[1]
Read More: Amazon Unveils AI Shopping Assistant Rufus
Waffarha, translating to "Save it" in Arabic, offers daily deals with discounts ranging from 50% to 90%.
Founded by Tarek Magdy and Noha Hamdy in October 2012, Waffarha’s discounted coupons span various sectors, including Food and beverage, entertainment, health and beauty, hotels and resorts, with over 1,000 merchants and 3,000 stores catering to the needs of over 5 million customers.
The partnership with VMS will facilitate Waffarha.com's expansion into Saudi Arabia.
In recent years, Waffarha has expanded its offerings to include bill payment services and introduced an "Offers Marketplace Aggregation Service" that enables users to purchase discounted vouchers across multiple platforms.