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Business / Qatar Business

Dibsy raises QR1.1m in pre-seed funding

Published: 31 May 2021 - 10:30 am | Last Updated: 01 Nov 2021 - 03:34 am
Dibsy team pose for a group photo.

Dibsy team pose for a group photo.

The Peninsula

Doha: Dibsy, the Qatar-based fintech company, aims to revolutionise payment transactions in the MENA region. The company has raised QR1.1m in pre-seed funding. With the funding, Dibsy will invest in new hires and business development to grow its market share in Qatar. The company will also broaden its scope to offer more services around its payment solutions.

Businesses in Qatar will be able to accept payments with a quick click, whether they have an online storefront or not. Dibsy will change the region’s payments landscape. As the country embraces digital transformation, the demand for quick, easy, and online payments is rising. Dibsy has set out to fuel the growth of digital payments, enabling both online and offline businesses to accept multiple forms of payments in one place.

Ahmed Isse, Co-Founder of Dibsy said, “Businesses can now use Dibsy to get everything up and running very quickly with our simple onboarding.” 

Keeping this in mind, instead of spending many weeks and a lot of money into setting up a digital payment solution for their businesses, business owners can now set up online payments very quickly—they can in fact start selling in a matter of days. Dibsy has an easy registration process that eliminates layers of bureaucracy and paperwork for business owners. 

Dibsy offers affordable, straightforward onboarding and fast integration with simple APIs. With this tool, business owners can accept payments through their website, apps, or messaging platforms. Merchants that have not yet moved their businesses online will significantly benefit from this technology, allowing them to send payment links to customers using SMS, WhatsApp, email, or on social media platforms. Anouar El Mekki, Co-Founder of Dibsy said “Our tool will have an easy integration for online checkouts“. 

Dibsy recognises that customer service is a notable setback for many of its competitors and sets high priorities into putting merchants first. The company will offer merchants’ services and world-class support to businesses in many industries. “We started Dibsy to enhance payment services with businesses in mind,” said, Loyan Farah, Co-Founder, Dibsy 

Founded by Ahmed Isse, Loyan Farah, and Anouar El Mekki - three prominent faces in Qatar’s digital technology space. The company was able to secure $300,000 in pre-seed funding led by Salem Khalaf Al Mannai and local angel investors. Dibsy is also supported by Qatar Financial Centre.