Moyasar succeeds in closing a $21 million investment round on the sidelines of the LEAP conference

Moyasar platform announced the completion of a funding deal as part of a seed investment round totaling $21 million during the second day of the prominent “Leap” tech conference in the Saudi capital, Riyadh, from March 4 to March 7, 2024, under the theme “New Horizons”.

Moyasar operates as a leading licensed platform in the Kingdom of Saudi Arabia by the Saudi Central Bank (SAMA), providing electronic payment solutions based in Riyadh.

Founded by Saudi youth, Moyasar conducted market research to identify the best practices, followed by building a financial infrastructure suitable for the market to provide secure and easy electronic payment solutions.

Moyasar’s strategy focuses on being the first choice for e-commerce practitioners and innovators. The company has developed its electronic payment solutions, currently offering several distinctive products.

Moyasar continues to develop its products and enhance its capabilities to reach where it stands today.

Moyasar’s software interfaces are the easiest and most flexible, supported by an IT team based in Saudi Arabia.

Moyasar obtained the PCI Compliance certificate, providing a highly reliable and secure environment for the customer experience, in addition to various products to support merchants with different payment methods such as Mada, Visa, Mastercard, American Express, Apple Pay, and STCPay.

The third edition of the prominent “Leap” tech conference is being held in the Saudi capital, Riyadh, from March 4 to March 7, 2024, under the theme “New Horizons”, with more than 18,000 exhibitors from leading technology companies worldwide participating.

The conference is organized by the Ministry of Communications and Information Technology, the Saudi Federation for Cyber Security, Programming, and Drones, the “Tahaluf” company, in addition to the General Authority for Small and Medium Enterprises “Monsha’at“, and features a selection of distinguished experts and speakers.

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