Astra Tech
ActiveHiringUltra-app for payments and communication
Building an ultra-app across MENA with Botim VoIP, PayBy fintech, and Quantix licensed entity.
Founders
Funding Rounds
Lead: Citi
Investors: Citi
Asset-backed securitisation facility to subsidiary Quantix Technology Projects LLC (CashNow consumer lending), announced at Abu Dhabi Finance Week. Debt at subsidiary level, not group equity. Also: https://www.thenationalnews.com/future/technology/2024/12/11/astra-tech-citi/ https://www.wamda.com/2024/12/astra-tech-quantix-secures-500-million-debt-financing-citi https://www.fintechfutures.com/commercial-sme-lending/quantix-secures-500m-asset-backed-securitisation-financing-from-citi Confidence: confirmed (round 13, Astra Tech via Zawya (press release)).
Lead: G42
Investors: G42
Company statement quoted by The National: round started October 2022, closing December 2022, led by G42 with 'prominent global and regional investors' (unnamed; other reports mention UAE family offices and ADQ but the company did not name them). Round label not given by the company. Funded the PayBy, Rizek and (Jan 2023) Botim acquisitions. Also: https://www.gitex.com/News/abu-dhabis-ai-company-g42-to-lead-astra-techs-500m-funding-round https://www.zawya.com/en/press-release/companies-news/g42-to-lead-astra-techs-latest-funding-round-v4oikp7j https://en.wikipedia.org/wiki/Astra_Tech Confidence: confirmed (round 13, The National).
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