# Koinz

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

- Industry: Internet
- Headquarters: Riyadh, Saudi Arabia
- Website: www.koinz.app
- Total disclosed funding: $4.8M
- Latest round: Seed (Nov 30, 2020)
- Investors on record: 2

## About

Koinz Ltd. is a Saudi Arabia-based company specializing in a social food ordering platform that enhances customer engagement and loyalty for modern restaurants. It streamlines the ordering process and integrates with popular POS systems.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. raised USD 4.8 mn in Seed funding led by JAM Fund, with participation from 4DX Ventures and other individual investors. This funding round marked the company's first documented investment deal, totaling USD 4.8 mn raised since its inception.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. The service is available to restaurants across various geographical markets.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. Koinz's pricing model may offer tiered service plans that vary in features and support, aiding restaurants in maximizing customer engagement and loyalty, driving repeat business, and increasing overall transaction volumes.Following its recent Seed funding of USD 4.8 mn in November 2020, Koinz Ltd. plans to grow its team and expand its operations across the Middle East. The funding will facilitate the development of new features and products aimed at enhancing the restaurant experience. Specific target markets for expansion are not detailed, but efforts are focused on strengthening Koinz's presence in the region.

## Funding rounds

- Seed, Nov 30, 2020, $4.8M — 4DX Ventures, Jam Fund

## Investors

- 4DX Ventures (https://capitalatlas.ai/funds/4dx-ventures) — Seed
- Jam Fund (https://capitalatlas.ai/funds/jam-fund) — Seed