09 May 2021 - 10:13
The Cwallet operations team posing for a group photo.
The Peninsula
Cwallet, the innovative financial services app created by Qatar fintech startup, C Wallet Services W.L.L., is now valued at $3.5m after a highly successful Pre-Series A investment round. Investors including MBK Holding WLL, 360 Nautica LLC and Snoonu Holding, pushed Cwallet’s valuation up after the Pre-Series A funding round.
The investment, says Cwallet Chief Executive Officer and founder, Michael Javier, will enable the company to push forward towards meeting its strategic and operational goals, including achieving regulatory compliance for the app’s remittance and payroll features.