Nearpay partners with merchant service providers, payment service providers, and startups to enable easy mobile-based soft point of sale (softPOS) services. The startup recently launched softPOS, a product that allows merchants to securely accept payments through their mobile phones without the need for specialized hardware such as a payment terminal.
Location: Saudi Arabia, Riyadh Region, Riyadh
Total raised: $17.7M
Investors 2
| Date | Name | Website |
| - | HALA Ventu... | hala.vc |
| 12.12.2022 | Arzan Vent... | arzanvc.co... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 15.12.2023 | Series A | $14M | - |
| 01.02.2022 | Seed | $3.7M | - |
Mentions in press and media 3
| Date | Title | Description |
| 22.09.2025 | To create corporate spend management solutions, Alinma Bank invests in Qashio | Continuing its commitment to providing top-tier services to the corporate sector and offering advanced digital financial solutions to enhance operational efficiency, Alinma Bank has announced a strategic investment and partnership with Qash... |
| 15.12.2023 | Nearpay Secures $14 Million in Series A Funding, Backed by Sanabil Investments, Stc CIF, and Vision Ventures, Poised to Transform the Payment Landscape | Nearpay secures $14M in Series A funding, led by Sanabil Investments, with participation from stc Corporate Investment Fund, Vision Ventures, Hala Ventures and Arzan Ventures. Nearpay, the cutting-edge Saudi fintech startup specializing in ... |
| 14.12.2023 | Nearpay Raises $14M in Series “A” Funding Round | Nearpay, a Riyadh, Saudi Arabia-based fintech startup specializing in payments infrastructure as a service, raised $14M in Series A funding. The round was led by Sanabil Investments, with participation from stc’s Corporate Investment Fund, ... |