Monday, March 27, 2023
  • About Us
  • Events
  • Advertise
  • Contact
  • Login
  • Register
No Result
View All Result
The Wealth Today
  • Investments
  • Wealth Management
  • Technology
  • People
    • New Leaders
  • Impact Investing
  • Partner Content
  • Risk & Compliance
  • Exclusives
The Wealth Today
No Result
View All Result
Home Fintech

Alinma Bank partners with FOODICS for micro, small firms

The Wealth Today by The Wealth Today
July 28, 2022
in Fintech
Alinma Bank partners with FOODICS for micro, small firms
Share on FacebookShare on Twitter

The collaboration aims to benefit small and micro businesses in Saudi Arabia through new products that enable them to have full control over their line of work decisions

Riyadh – Alinma Bank has signed a strategic fintech partnership with FOODICS, a cloud-based technology and payments platform for restaurants in MENA, according to a recent press release.

The collaboration aims to benefit small and micro businesses in Saudi Arabia through new products that enable them to have full control over their line of work decisions.

Enterprises will be able to sell from anywhere at any time and accept payments on the go, which will allow them to maximise their sales and productivity.

The collaboration came in line with the Kingdom’s goal to boost the contribution of small and medium-sized businesses (SMBs) to the economy and the launch of several accelerator programmes.

Saleh Abdullah Alzumaie, Senior Vice President of Alinma Bank, said: “We look forward to strengthening our leadership in supporting this vital sector, in cooperation with the FOODICS team to serve Alinma customers.”

Ahmad Al Zaini, CEO and Co-Founder of FOODICS, noted: “This strategic alliance will empower SMB and Micro-Business owners as well as the entire ecosystem.”

In the first three months (3M) of 2022, Alinma Bank witnessed a 28.49% year-on-year (YoY) surge in net profit to SAR 824.70 million from SAR 641.80 million.

Last April, FOODICS secured a total of $170 million in a Series C funding round that was led by Prosus and Sanabil Investments as well as other investors.

——

Disclaimer: The content of the above information is sourced (or provided), in entirety or in parts from an external source and the content may or may not be edited. The Wealth Today shall not be held liable for damages arising out of any action taken with respect to the use or consumption of information or service published above or anywhere else on the website. This website does not guarantee the accuracy, views, opinions, or any promises expressed in the above news. 

If you find any errors or discrepancies in the above information, you can write to us at editor@thewealth.today.

——


Tags: F&BPayments
Previous Post

Argentem Creek Partners establishes MENA and Asia HQ in Abu Dhabi

Next Post

Rakbank, Kraken to offer UAE’s first AED virtual assets trading

Next Post
ADGM Welcomes Kraken, Global Virtual Asset Exchange, to its International Financial Centre

Rakbank, Kraken to offer UAE's first AED virtual assets trading

Recent Tweets

  • About
  • Get Engaged
  • Events
  • Contact
  • T&C
  • Privacy Policy

© 2021 The Wealth Today

No Result
View All Result
  • Investment
  • Wealth Management
  • Technology
  • People
    • New Leaders
  • Impact Investing
  • Partner Content
  • Risk & Compliance
  • About
  • Events
  • Advertise
  • Contact
  • Exclusives
  • Login
  • Sign Up
  • Cart

© 2020 The Wealth Today

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT

Add New Playlist