RIYADH: EdfaPay, a Saudi-based fintech startup that helps companies use their smartphones for payment, has raised $1.6 million in a pre-seed round led by investment platform Nuwa Capital. The funding will allow EdfaPay to achieve its market-entry goals by launching its financial services across the Kingdom. Founded in 2022 by Ghormallah Alghamdi and Nedal Sabbah, EdfaPay uses