MenaPay Solutions DWC-LLC
Latest round
- Seed
Last raised
- Jun 2018
Total raised
- Undisclosed
Investors
- 1
About MenaPay Solutions DWC-LLC
Founded in 2017 and headquartered in Dubai, United Arab Emirates, MenaPay Solutions DWC-LLC specializes in digital financial services. The company was established by Bora Sahinoglu, Burak Günsev, Kader Kutun, and Serhat Yikici.MenaPay offers a comprehensive suite of financial services centered around digital transactions and blockchain technology. The core product, MenaCash, enables users to purchase and transfer digital currency using various payment methods such as credit cards, wire transfers, and e-pins. This service facilitates peer-to-peer transactions within just seven seconds, catering primarily to users in the MENA region. In addition to MenaCash, the company provides access to tokenized assets, including fractional stocks from major exchanges like Nasdaq and Hong Kong Stock Exchange, allowing users to engage in stock trading on the blockchain. MenaPay also supports a range of cryptocurrencies, offering custody services for 15 different digital currencies, and provides stable cryptocurrencies pegged to various fiat currencies like USD, AED, and EUR.MenaPay generates revenue through transaction fees associated with its diverse offerings, including the buying and selling of MenaCash and MPAY Tokens, as well as fees from its digital goods marketplace. The company operates a transaction structure that encompasses both B2C and B2B models, where merchants benefit from easy collection of payments in the MENA region while consumers utilize the platform for quick and efficient digital transactions. The flagship MPAY Token, an ERC-20 utility token, serves as a key component of the ecosystem, allowing users to engage in various activities such as staking and participating in the Green Mining program, thus contributing to the company's revenue model.Looking forward, MenaPay intends to expand its offerings with the introduction of new products aimed at enhancing user experience and facilitating more diverse digital transactions.
Who invested in MenaPay Solutions DWC-LLC
1 investor across 1 round
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Funding rounds
Seed
Jun 2, 2018
Amount
Undisclosed
Investors
Questions about MenaPay Solutions DWC-LLC
Who invested in MenaPay Solutions DWC-LLC?
MenaPay Solutions DWC-LLC has 1 investor 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 MenaPay Solutions DWC-LLC raised?
MenaPay Solutions DWC-LLC has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MenaPay Solutions DWC-LLC last raise money?
MenaPay Solutions DWC-LLC's most recent round on record is a Seed, in Jun 2018.
What does MenaPay Solutions DWC-LLC do?
Founded in 2017 and headquartered in Dubai, United Arab Emirates, MenaPay Solutions DWC-LLC specializes in digital financial services.
Where is MenaPay Solutions DWC-LLC headquartered?
MenaPay Solutions DWC-LLC is headquartered in Dubai, United Arab Emirates.
Which VCs invest in companies like MenaPay Solutions DWC-LLC?
Among active investors with capital left to deploy, 360 ONE, Gopher Asset Management, DSC Investment and Stellaris Venture Partners back financial services companies at MenaPay Solutions DWC-LLC's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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