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Foloosi aims to expand the GCC with $ 500,000 in seed funding


Cashless payment service provider Foloosi plans to expand across the GCC region, starting with Saudi Arabia, after raising $ 500,000 in seed capital, he writes Jane Connolly.

MENAbytes reports that the Dubai-based fintech startup raised the money from individual local investors Mohammed Alsuwaidi and Rasheed Alfalasi; The latter already invested in Foloosi’s six-figure pre-seed round this summer.

Foloosi was founded in 2018 and claims to have a 40% increase in sales in the …



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