What is Foloosi?
Founded in 2018 and headquartered in Dubai, United Arab Emirates, Foloosi offers a comprehensive digital payment solution. The platform empowers consumers to transact with businesses through various convenient methods, including QR codes and payment links, facilitating seamless card payment processing. The company operates within the rapidly evolving fintech landscape, aiming to simplify digital transactions for both consumers and merchants.
How much funding has Foloosi raised?
Foloosi has raised a total of $2M across 1 funding round:
Other Financing Round
$2M
Other Financing Round (2021): $2M, investors not publicly disclosed
What's next for Foloosi?
The recent major strategic investment indicates Foloosi is poised for significant expansion and development. This capital infusion is likely to fuel advancements in its payment technology, enhance its market reach within the UAE and potentially beyond, and strengthen its competitive position against other digital payment providers. The company's focus on user-friendly payment avenues suggests a strategy geared towards broad adoption and integration into everyday commerce.
See full Foloosi company page
