Fatura
Latest round
- Seed
Last raised
- Jul 2020
Total raised
- $1M
Investors
- 3
About Fatura
Fatura was founded in 2019 in Egypt and specializes in billing and payment processing services. The company has completed a total of 3 deals, with the most recent deal occurring on June 16, 2022. Notably, Fatura was acquired by Tanmeyah Micro Enterprise Services, a portfolio company of EFG-Hermes Private Equity. The acquisition aims to assist in the digital transformation of Tanmeyah and expand its product offerings in Egypt's microfinance sector. The company was established under the leadership of founder Naif Allehyani and its current CEO is Bandar Aljohani.Fatura Egypt specializes in providing comprehensive billing and payment processing solutions tailored for businesses across various sectors. Their core offerings focus on enhancing financial transactions through electronic invoicing, payment collection, and automated reconciliation services. These products are designed to streamline the billing cycle, improve cash flow management, and reduce errors associated with manual invoicing, enabling businesses to operate more efficiently. Customers primarily include small to medium-sized enterprises (SMEs) and larger corporations seeking to optimize their financial operations.Fatura Egypt generates revenue through subscription-based models and transaction fees associated with its billing and payment processing services. Clients typically engage with the company by subscribing to various service tiers that cater to their transaction volumes and feature requirements. A typical transaction structure involves a business paying a monthly fee for access to Fatura's invoicing platform, coupled with a per-transaction fee for each processed payment. This model ensures that businesses can choose a pricing plan that aligns with their operational needs while benefiting from Fatura's comprehensive suite of solutions.In June 2022, Fatura was acquired by Tanmeyah Micro Enterprise Services, which aims to enhance its digital transformation and broaden its product and service offerings. As part of the growth strategy, Fatura plans to develop new products aimed at improving service delivery in Egypt's microfinance space.
Who invested in Fatura
3 investors across 1 round
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Funding rounds
Seed
Jul 12, 2020
Amount
$1M
Investors
Questions about Fatura
Who invested in Fatura?
Fatura has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Fatura raised?
Fatura has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Fatura last raise money?
Fatura's most recent round on record is a Seed, in Jul 2020.
What does Fatura do?
Fatura was founded in 2019 in Egypt and specializes in billing and payment processing services.
Where is Fatura headquartered?
Fatura is headquartered in Egypt.
Which VCs invest in companies like Fatura?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Persistent Energy Capital and Norrsken22 back retail companies at Fatura's stage. Their profiles are linked below.
VCs backing retail startups at Seed
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