Wafeer

Active

Wafeer app: automatic expense tracking and budgeting via bank connections and SMS parsing

Riyadh, Saudi ArabiaFounded 2019

Fintech

Pre-Seed

Wafeer is a personal finance management app that automatically tracks and categorises users' spending, with budgets, goals and spending reports. It was founded in 2019 and was admitted to the Saudi Central Bank (SAMA) regulatory sandbox in 2020. Arab News reported 82,000 active users in November 2021.

Founders

Abdulaziz AlJasser

Co-Founder & CEO

Ahmed Ramadan

Co-Founder

Salah AlBassam

Co-Founder

Funding Rounds

Pre-SeedMar 2021

Lead: Nama Ventures

Investors: Nama Ventures, Riyadh Angel Investors (RAI), WomenSpark

Investors: Nama Ventures, Riyadh Angel Investors (RAI), WomenSpark.

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