Ziina Explained

Ziina
Type:Private
Founders:Faisal Toukan, Sarah Toukan, Andrew Gold
Industry:Financial services
Location:Dubai, United Arab Emirates

Ziina is a company based in Dubai, United Arab Emirates that specialises in digital payments.[1] Its digital wallet is currently used in the United Arab Emirates.[2]

History

The company was established in January 2020[3] by Faisal Toukan, Sarah Toukan, Andrew Gold.[4] [5] It was originally designed to for peer-to-peer payments.[6] Ziina was backed by Y-Combinator and other companies.[7]

Overview

Similar to Venmo in the United States,[8] Ziina currently allows users in the UAE to make payments using registered phone numbers,[9] with no IBAN or SWIFT code necessary.[10] [11]

Ziina can be used via Android and iOS.[12] Users can also request payments via WhatsApp, Instagram, and other messaging platforms.[13] The Ziina app makes use of a keyboard known as the ZiiBoard.[14]

Although currently available only in the United Arab Emirates as of 2022, Ziina has made plans to expand to other MENA countries such as Jordan.[15]

Ziina also has a payment gateway for online merchants.[6] [16]

See also

Notes and References

  1. Web site: UAE-Based SME Fintech Ziina Secures $22 Million in Series A Funding. CairoScene. 2024-07-17. 2024-09-04.
  2. Web site: Dot. Red. Red Dot Design Award: Ziina. Red Dot Design Award. 2024-08-22. 2024-09-04.
  3. Web site: Sharma. Alkesh. Generation start-up: how UAE's Ziina is working to boost financial literacy in Middle East. The National. 2022-10-17. 2024-09-04.
  4. Web site: Kene-Okafor. Tage. YC-backed Ziina raises $7.5M seed led by Avenir Growth Capital and Class 5 Global. TechCrunch. 2021-06-07. 2024-09-04.
  5. Web site: Paracha. Zubair Naeem. Dubai fintech Ziina gets Y Combinator's backing for its social P2P payment app, raises seed round. MENAbytes. 2021-01-19. 2024-09-04.
  6. Web site: Kene-Okafor. Tage. Ziina banks $22M as growth explodes for the UAE-based fintech for small businesses. TechCrunch. 2024-09-03. 2024-09-04.
  7. Web site: East. Fintechnews Middle. Dubai's P2P Payments Firm Ziina Raises US$7.5 Million Ahead of Saudi Expansion Plans. Fintechnews Middle East. 2021-06-08. 2024-09-04.
  8. Web site: Fernandez. Keith J. UAE gets a peer-to-peer payments app that lets you split bills with friends. The National. 2021-07-04. 2024-09-04.
  9. Web site: Gibbon. Gavin. Payment by text: UAE fintech app Ziina simplifies money transfers. Arabian Business. 2020-05-19. 2024-09-04.
  10. Web site: East. Forbes Middle. UAE-Based Fintech Startup Ziina Raises $7.5M In Seed Round—Here's Where It Plans To Use The Funds. Forbes ME. 2021-06-08. 2024-09-04.
  11. Web site: Ziina heralds new age of online payments with digital wallet for UAE. Khaleej Times. 2022-02-08. 2024-09-04.
  12. Web site: Home-grown app Ziina recognised by international Red Dot Design Award, ushering in new era of design excellence in technology. ZAWYA. 2022-03-21. 2024-09-04.
  13. Web site: Ziina: A digital wallet for the Middle East & North Africa. Y Combinator. 2022-10-27. 2024-09-04.
  14. Web site: Dubai fintech Ziina tests 'payments keyboard' for businesses to get paid over messaging apps. Markets – Gulf News. 2022-08-10. 2024-09-04.
  15. Web site: Bhat. Divsha. UAE-based fintech Ziina eyes Jordan in regional push. Gulf Business. 2022-09-07. 2024-09-04.
  16. Web site: Dubai fintech Ziina raises $22 million Series A to grow its payments platform for businesses. MENAbytes. 2024-09-03. 2024-09-04.

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