Paymennt
AcquiredFormerly PointCheckout
Loyalty points payment gateway for e-commerce
PointCheckout enables e-commerce merchants to accept customer loyalty points as payment at checkout. Acquired by Saudi-based Hala in February 2023.
Founders
Funding Rounds
Lead: Arzan VC
Investors: Arzan VC, 500 Startups, Dubai Angel Investors, Hala Ventures, Dtec Ventures
Company press page and Wamda name Arzan VC as lead (quote from Arzan partner Laith Zraikat); MENAbytes lists the same five investors without naming a lead. Hala Ventures (the later acquirer's VC arm) was already an investor here. Also: https://www.wamda.com/2019/04/pointcheckout-raises-60000 https://www.menabytes.com/pointcheckout-seed/ https://www.arabnet.me/english/editorials/entrepreneurship/investment/pointcheckout-raises-600k-to-allow-online-payment-using-reward-points Confidence: confirmed (round 13, PointCheckout (company press page)).
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