Jingle Pay

Active

Digital wallet and money transfer for expats

Dubai, UAEFounded 2019

Fintech

Series A

Jingle Pay is a digital payments platform offering multi-currency wallets and cross-border money transfers for the MENA expat workforce.

Founders

Amir Fardghassemi

Founder & CEO

Nadeem Hussain

Co-Founder

Muhammad Rashid

Co-Founder & CCO

Martin Kiuru

Co-Founder

Christian Farioli

Co-Founder

Girish Manghnani

Co-Founder

Shafique R Ibrahim

Co-Founder

Abdoullah Tahri

CTO

Sohail Ahmad

CBO

Funding Rounds

UndisclosedJan 2025

Lead: Bank Alfalah

Investors: Bank Alfalah

Labelled "strategic" by the source. Bank Alfalah (Pakistan, PSX: BAFL) acquired a 9.9% equity stake with a board seat; amount undisclosed by the company. Tracxn labels it Series A; DXBStart/Crunchbase-derived data put it at $2M (aggregator only, would imply ~$20M post-money - not confirmed). Bank Alfalah's PSX material-information notice, which might state the consideration, was not retrievable. Also: https://www.wamda.com/en/2025/01/bank-alfalah-invests-uae-fintech-jingle-pay-9-9-stake https://www.finextra.com/newsarticle/45295/bank-alfalah-acquires-stake-in-jingle-pay https://www.dxbstart.com/company/jingle-pay Confidence: confirmed (round 13, PR Newswire (company press release)).

UndisclosedOct 2022

Lead: MoneyGram International

Investors: MoneyGram International

Labelled "strategic" by the source. Minority strategic investment for a 12% stake (stake per Wamda 2025); amount undisclosed. MoneyGram CEO Alex Holmes became chairman of Jingle Pay's board. Tracxn labels it 'Seed'. Also: https://www.wamda.com/en/2025/01/bank-alfalah-invests-uae-fintech-jingle-pay-9-9-stake https://tracxn.com/d/companies/jingle-pay/__lrNM0NHRES1BQhd_vX2PlkQX7Ma6uYmULe5B1pcstwM Confidence: confirmed (round 13, FinSMEs (MoneyGram press release)).

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