# Ziina FZ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ziina-fz

- Industry: Software
- Headquarters: Dubai, United Arab Emirates
- Website: www.ziina.com
- Total disclosed funding: $30M
- Latest round: Series A (Sep 3, 2024)
- Investors on record: 18

## About

Based in Dubai, United Arab Emirates, and founded in 2020 by CEO Faisal Toukan and Sarah Toukan, Ziina FZ LLC, a.k.a. Ziina operates as a financial technology company that focuses on providing a mobile-based peer-to-peer payment application that allows users to transfer and receive money from anyone. In September 2024, Ziina FZ LLC, raised USD 22 million in a Series A round led by Altos Ventures, with participation from FinTech Collective, Activant Capital, Middle East Venture Partners, Jabbar Internet Group, Avenir Growth Capital, FJ Labs, and Y Combinator.

Ziina offers a payment app that allows users to send and receive payments using only a phone number, bypassing the need for traditional bank information like IBAN or Swift codes. The platform also provides a digital wallet, enabling users to store funds and make transactions easily. Ziina also expands its services to include financial tools for businesses, such as the ZiiCard, which helps with expense management and supplier payments. With a focus on serving small and medium-sized enterprises (SMEs), Ziina is also introducing point-of-sale solutions and payment gateways for seamless digital transactions.

The company plans to use its proceeds from September 2024 funding to expand its services beyond payment solutions to provide comprehensive financial services for businesses and consumers.

## Funding rounds

- Series A, Sep 3, 2024, $22M — Altos Ventures, Y Combinator, Middle East Venture Partners, Activant Capital, FinTech Collective, FJ Labs, Avenir Growth Capital, Jabbar Internet Group
- Seed, May 27, 2021, $7.5M — Graph Ventures, Wamda Capital, Goodwater Capital, FJ Labs, Avenir Growth Capital, Jabbar Internet Group, Class 5, OTF Jasoor Ventures, Zinal Growth, Flucas Ventures, ANIM
- Seed, Jan 19, 2021 — Graph Ventures, Wamda Capital, FJ Labs, Oman Technology Fund, Jabbar Internet Group, Class 5, Long Journey Ventures

## Investors

- Graph Ventures (https://capitalatlas.ai/funds/graph-ventures) — Seed
- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A
- Oman Technology Fund (https://capitalatlas.ai/funds/oman-technology-fund) — Seed
- Jabbar Internet Group (https://capitalatlas.ai/funds/jabbar-internet-group) — Seed, Series A
- Class 5 (https://capitalatlas.ai/funds/class-5) — Seed
- Long Journey Ventures (https://capitalatlas.ai/funds/long-journey-ventures) — Seed
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Seed, Series A
- OTF Jasoor Ventures — Seed
- Zinal Growth — Seed
- Flucas Ventures (https://capitalatlas.ai/funds/flucas-ventures) — Seed
- ANIM (https://capitalatlas.ai/funds/anim) — Seed
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Series A
- Activant Capital (https://capitalatlas.ai/funds/activant-capital) — Series A
- FinTech Collective (https://capitalatlas.ai/funds/fintech-collective) — Series A