"The Central Bank gave them nine months to launch the platform; they completed eFawateercom in six months...Since launching in 2014, Fawateercom has processed more than 7 million bills, worth $5.8 billion. Last year, it handled an average of 18,000 bills per day."
"We evaluated the companies on the basis of funds raised, which was given the highest weight. We also looked at the quality of investors and the business models of the startups.”
"[MadfooatCom] processes more than one million transactions a year and connects people with more than 70 online billers,” thereby advancing “economic and financial inclusion."
"The startup scene in the Arab world continues to boom, culminating this year in several high value deals. These include the acquisition of Souq. com by Amazon, construction major Emaar Malls buying a majority stake in Namshi.com, and Careem raising half a billion dollars from the likes of Rakuten Inc., STC Ventures,... Continue reading
“The popular saying, ‘Necessity is the mother of invention,’ best describes Nasser Saleh’s start as an entrepreneur, when he returned to settle down in Amman, Jordan, after years of living abroad. Spending hours in long queues trying to pay his utility bills in cash (they did not even accept his... Continue reading
“MadfooatCom, the Jordanian bill payment and payment service company that got its start at Oasis 500, is expanding its successful bill payment focus, creating a platform for customers to inquire and pay their bills via their banks’ online channels.”
Mr. Saleh, an Endeavor-Jordan fellow, was honored by this distinguished award for his company’s disrupting online payments while also creating quality jobs and opportunities in Jordan.
ALGHAD (Arabic Only)