Geidea
ActiveIntegrated payment acceptance: card/terminal and online payment gateways, POS hardware, and merchant business-management/loyalty software.
Geidea is a Riyadh-headquartered, SAMA-regulated fintech founded in 2008 by Abdullah Al Othman, and was the first company to receive a payment-acquiring license in Saudi Arabia, at one point capturing roughly half of the kingdom's POS market. In May 2018, Abu Dhabi-based private equity firm Gulf Capital acquired a strategic minority stake for a transaction valued at over SAR 1 billion (~$267M); the company remains active with operations in Saudi Arabia, the UAE, and Egypt.
Founders
Abdullah Al Othman
Founder & Chairman
Funding Rounds
Lead: Gulf Capital
Investors: Gulf Capital
Investors: Gulf Capital.
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