Spotii
ClosedBNPL payment platform (acquired)
Buy now pay later platform that was acquired by Zip Co.
Founders
Funding Rounds
Lead: Zip Co
Investors: Zip Co
Labelled "strategic" by the source. Undisclosed amount; ASX-listed Zip Co took a 20% minority stake (stake size confirmed in Zip's May 2021 acquisition announcement and The National). Zawya carried the same press release. Also: https://www.zawya.com/en/press-release/spotii-receives-strategic-investment-from-zip-co-gu8xly1d https://magnitt.com/news/spotii-strategic-investment-52387 https://www.menabytes.com/zip-acquires-spotii/ Confidence: confirmed (round 13, My Startup World (company press release)).
Lead: Daman Investments
Investors: Daman Investments
Amount undisclosed; company told MENAbytes it was a 'seven-figure' USD seed round. Announced ~2 months after the May 2020 launch. Daman later appears as a shareholder on the cap table at the Zip acquisition. Also: https://thestartupscene.me/INVESTMENTS/Dubai-born-E-commerce-Startup-Spotii-Raises-Seven-Figure-Investment Confidence: confirmed (round 13, MENAbytes).
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