Koinz
Latest round
- Seed
Last raised
- Nov 2020
Total raised
- $4.8M
Investors
- 2
About Koinz
Koinz Ltd. is a Saudi Arabia-based company specializing in a social food ordering platform that enhances customer engagement and loyalty for modern restaurants.Founded in 2018 and headquartered in Riyadh, Saudi Arabia, Koinz Ltd. operates as a standalone entity. The company was established by Ahmed Said, Hussein Momtaz, Koinz Capital, Leonardo Cruz, and Syed Khabir, with Hussein Momtaz currently serving as CEO. In November 2020, Koinz Ltd.Koinz offers a comprehensive social food ordering platform designed to enhance customer engagement and loyalty for modern restaurants. The core product streamlines the food ordering process, enabling customers to order ahead, earn loyalty points, and share their experiences through social media. This platform targets restaurants by transforming walk-in customers into brand ambassadors, thereby facilitating deeper interactions and increasing customer retention. Koinz integrates seamlessly with popular POS systems, such as Deliverect, Marn, and Foodics, providing restaurants with the tools required to manage orders, analyze performance, and optimize operations.Koinz generates revenue through partnerships with restaurants utilizing its social food ordering platform. The transaction structure primarily consists of service fees and potential revenue-sharing agreements based on the volume of orders processed through the platform. Restaurants subscribe to Koinz to access its suite of features, which includes an intelligent loyalty program, real-time analytics, and user-friendly management tools.8 mn in November 2020, Koinz Ltd. plans to grow its team and expand its operations across the Middle East. Specific target markets for expansion are not detailed, but efforts are focused on strengthening Koinz's presence in the region.
Who invested in Koinz
2 investors across 1 round
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Funding rounds
Seed
Nov 30, 2020
Amount
$4.8M
Investors
Questions about Koinz
Who invested in Koinz?
Koinz has 2 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 Koinz raised?
Koinz has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Koinz last raise money?
Koinz's most recent round on record is a Seed, in Nov 2020.
What does Koinz do?
Koinz is a internet company.
Where is Koinz headquartered?
Koinz is headquartered in Riyadh, Saudi Arabia.
Which VCs invest in companies like Koinz?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back internet companies at Koinz's stage. Their profiles are linked below.
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