# Fatura

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fatura

- Industry: Retail
- Headquarters: Egypt
- Website: www.fatura-egypt.com
- Total disclosed funding: $1M
- Latest round: Seed (Jul 12, 2020)
- Investors on record: 3

## About

Based in Egypt, Fatura operates as a provider of comprehensive billing and payment processing solutions designed to enhance financial transactions for businesses in various sectors.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 has raised a total of USD 3.00 mn, with the latest funding round being an investment of USD 3.00 mn from multiple investors including Acasia, Arzan Venture Capital, EFG EV Fintech, Egypt Ventures, Khwarizmi Ventures, and Sawari Ventures.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’s services are operational in multiple regions, including the Middle East and North Africa, targeting clients who require reliable and scalable payment solutions to meet the demands of their end users.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. The company’s flagship services, including their electronic invoicing and automated payment collection tools, form the basis of their revenue streams, allowing for predictable cash flow and sustained client engagement.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. The recent funding will support these initiatives, allowing the company to innovate and expand its market reach effectively.

## Funding rounds

- Seed, Jul 12, 2020, $1M — Acasia, Disruptech, EFG EV Fintech

## Investors

- Acasia (https://capitalatlas.ai/funds/acasia) — Seed
- Disruptech (https://capitalatlas.ai/funds/disruptech) — Seed
- EFG EV Fintech — Seed