# Telda

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

- Industry: Financial Services
- Headquarters: Cairo, Egypt
- Website: www.telda.app
- Total disclosed funding: $20M
- Latest round: Seed (Oct 12, 2022)
- Investors on record: 3

## About

Telda, Inc. is a fintech company that offers a digital financial platform to facilitate seamless money transactions, enabling users to efficiently send, spend, and save money through their mobile application and payment services.Founded in 2021 in Cairo, Egypt, Telda, Inc. provides a digital financial platform. The company has successfully completed 2 deals, with the most recent deal occurring on October 12, 2022. Telda raised USD 20.00 mn in Seed funding, with investors including Block, Global Founders Capital, and Sequoia Capital, bringing the total amount raised to USD 20.00 mn. The CEO and co-founder is Ahmed Sabbah, who, alongside Youssef Sholqamy, has a background in creating innovative financial solutions.Telda specializes in providing a digital financial platform that facilitates seamless money transactions, enabling users to send, spend, and save money efficiently. The core offerings include a mobile application and a payment card that allows users to conduct financial activities such as sending and requesting money instantly and securely, both domestically and internationally. The app features intuitive functionalities, such as categorizing expenditures into segments like shopping and groceries, which helps users monitor and manage their spending habits effectively. Additionally, Telda allows users to make payments using emojis or personal notes, enhancing the social aspect of financial transactions. The services are targeted towards a diverse clientele, including both individual consumers and small businesses, particularly in markets that prioritize cashless payment solutions, thus serving an expanding customer base in regions that are increasingly adopting digital banking services.The revenue model of Telda is primarily driven by transaction fees associated with the usage of its payment card and app services, although specific pricing structures are not disclosed. The firm engages in direct-to-consumer transactions, enabling users to send and receive money without incurring fees for standard transactions. The revenue landscape may include partnerships with retailers and other businesses that accept Telda as a payment method, enhancing the platform’s value proposition while providing merchants with a streamlined payment solution. As users engage with the app and card for various transactions—from shopping to paying bills—Telda generates revenue through these everyday financial activities. The company’s innovation in digital payment solutions positions it effectively within the growing fintech sector, appealing to modern consumers looking for efficient and engaging ways to manage their finances.In October 2022, Telda, Inc. raised USD 20.00 mn in Seed funding co-led by returning investors Global Founders Capital and Sequoia Capital. The company will use the funding to expand into new markets as well as grow its product offering. Specific plans for future growth include launching new products designed to enhance user engagement and streamline transactions, although release dates have not been disclosed. Telda is also targeting expansion into additional geographic regions to capture a wider audience, which aligns with the firm’s objective to leverage the growing demand for digital banking solutions.

## Funding rounds

- Seed, Oct 12, 2022, $20M — Hong Shan, Global Founders Capital, Block

## Investors

- Hong Shan — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Block — Seed