Company Research Report: Tweeq

Company Overview

• Name: Tweeq

• Mission: To help individuals and SMEs in MENA manage their money better and meet their financial needs by building the best mobile-first spending account.

• Founded: 2020

• Founders: Information on founders is not explicitly given, but the key people include Saeed Albuhairi (Founder and CEO) and Abdulaziz AlMalki (Co-Founder & CTO).

• Key People:

• Saeed Albuhairi, Founder and CEO

• Abdulaziz AlMalki, Co-Founder & CTO

• Omar A. Almajdouie, Founding Partner at Raed Ventures

• Mohamed Sadek, Engineering Leader

• Headquarters: Riyadh, Riyadh, Saudi Arabia

• Number of Employees: 11-50 employees

• Revenue: No information is available

• Known For: Being a Saudi FinTech offering an alternative to the traditional money spending experience, with a focus on digital financial management through a mobile-first spending account.

Products

• Products Offered: Digital financial management app

• High-level Description:

• Tweeq offers a mobile application focused on providing a unique financial experience for personal and SME spending, including transaction tracking, managing budgets, and making payments via a globally accepted payment card.

• Key Features:

• Edge Card: Provides users with rewards, cashback, and exclusive offers.

• Spend Tracking: Allows users to track their expenses in real-time across various categories such as restaurants and shopping.

• Instant Transfers: Enables fast money transfers using @TweeqTag.

• Security Features: Instant card freezing and unfreezing, control over online, ATM, and contactless payments.

• NFC Payments: Supports contactless payment.

• Global acceptance: Co-branded with Mastercard and mada, ensuring acceptance worldwide.

• Analytics: Detailed transaction analysis to aid in managing budgets effectively.

Recent Developments

• New Developments:

• Tweeq's acquisition by Tabby was announced. Despite the acquisition, Tweeq will continue to operate independently while working together with Tabby to develop new financial products. There will be no change or interruption to existing user accounts and services.

• New Products Launched: No specific information is available on new products launched.

• New Features Added to Existing Products: No specific information is available about new features.

• New Partnerships: In partnership with Tabby as they acquired Tweeq.

Conclusion

Tweeq is a dynamic fintech company based in Saudi Arabia, characterized by its digital-first approach to financial services tailored for individuals and SMEs in the MENA region. Through strategic partnerships, such as with Tabby, and a focus on innovative financial product offerings, Tweeq continues to enhance its market position while maintaining operational independence and customer service excellence.