Telr
ActiveOnline payment gateway for merchants in MENA
Telr operates an online payment gateway that lets merchants accept card and alternative payment methods across the UAE, Saudi Arabia, Bahrain and Jordan. It is licensed and regulated by the Central Bank of the UAE as a Retail Payment Services provider, and also offers buy-now-pay-later and merchant financing products. Indian fintech Cashfree Payments made a $15m equity investment in 2021, becoming one of its largest shareholders.
Founders
Funding Rounds
Lead: Cashfree Payments
Investors: Cashfree Payments
No round label given by any primary source. Investors: Cashfree Payments.
Lead: iMENA Group
Investors: iMENA Group, two unnamed existing investors
'Institutional round' led by Telr's three largest existing investors (iMENA named), described by the company as a 'second capital injection'; amount undisclosed. Coincided with Khalil Alami's appointment as CEO. Tracxn labels it a second 'Series B' dated 2019-12-17. Also: https://www.wamda.com/2019/12/telr-secures-funding-existing-investors https://magnitt.com/news/51339/telr-raises-institutional-funding-appoints-new-ceo Confidence: confirmed (round 13, PR.com (company release)).
Lead: Hatcher and iMENA
Investors: Hatcher, iMENA Group
Amount undisclosed; CEO Elias Ghanem said it was enough for a full year of operations. Round closed 24 Sept 2014, shortly after Telr's merger with Innovate Payments. Also: https://www.arabianbusiness.com/telr-gains-series-funding-569632.html Confidence: confirmed (round 13, Wamda).
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