# NiftySouq

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

- Industry: Internet
- Headquarters: Wilmington, US
- Website: www.niftysouq.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Sep 20, 2022)
- Investors on record: 2

## About

Based in UAE and founded in 2021, NiftySouq operates as a marketplace company that offers a platform to buyers and sellers of NFTs in the MENA region. The company was founded by Talal Afghani. In September 2022, the company raised USD 1.5 million in seed funding from Palm ventures and Falak Angels. The company plans to use these funds to support the development of tech updates and operations expansion.

It offers a marketplace platform that enables users to explore and buy digital assets using blockchain technology and offers them a marketplace where they can check the latest NFTs and allow them to bid or buy NFTs using different payment methods and allows them to resell the NFTs on its platform. The platform allows its users to create an account, create their NFT, upload their NFT, and list their NFTs. Nifty Souq is the first NFT platform for the MENA region.

## Funding rounds

- Seed, Sep 20, 2022, $1.5M — Palm Ventures, Falak Angels

## Investors

- Palm Ventures — Seed
- Falak Angels — Seed