19. FOLOOSI

Payment solutions platform Founders: Omar Bin Brek, Mohan Karuppiah Funding: $500,000 Investors: Angel Investor Country: U.A.E. Date of establishment: 2018

Foloosi facilitates consumer-to-business card payments without the need of a machine. It enables the business to display QR code, Payment Link and API integrations for the customer to scan & pay in a tap

The Fintech startup is targeting existing and commercially operating SMEs, local stores, traditional marketplaces, delivery businesses and e-commerce merchants with an aim to provide its services to 2,000 businesses by the end of 2019. Recently, Foloosi launched its new product ‘Point of Sale’ for small and medium sized business to provide a complete solution for its merchants across the region.