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Ziina زينة

www.ziina.com link_icon

Company Research Report on Ziina Payment LLC



Company Overview



Name


Ziina Payment LLC

Mission of the Company


Ziina is on a mission to bring financial freedom to every person in the Middle East. Their goal is to make financial transactions more accessible and convenient for everyone in the region.

Founded


Ziina was founded at the end of 2019.

Founders


The company was founded by:
  • Faisal Toukan

  • Sarah Toukan

  • Andrew Gold


Key People


  • Faisal Toukan, Co-Founder and Chief Executive Officer

  • Sarah Toukan, Co-Founder and Chief Product Officer

  • Andrew Gold, Co-Founder and Head of Engineering

  • Ashiq Korikkar, Head of Growth


Headquarters


Ziina is headquartered in Dubai, UAE.

Number of Employees


No information is available.

Revenue


No information is available.

What is the Company Known For


Ziina is known for its peer-to-peer (P2P) payment application that allows users in the Middle East to send and receive money seamlessly using just a phone number, without the need for IBAN or swift codes.

Products


Ziina Personal


  • Description: A digital wallet app for personal use.

  • Key Features:

  • Send and receive money instantly using a debit card, credit card, Apple Pay, or Google Pay.

  • Use QR codes and payment links to accept cards and Apple Pay.

  • Add a GIF, note, or photo to payments for a personal touch.

  • Free transfers up to 5,000 AED per month using a UAE debit card.


Ziina Business


  • Description: A payment platform for businesses.

  • Key Features:

  • Accept payments instantly in the app, on social media, on the website, and in person.

  • Free transfers to bank accounts up to 25K AED.

  • Website integrations for platforms like Shopify and WooCommerce.

  • In-app analytics and CSV exports to track transactions.

  • Accept payments via QR codes, NFC, payment links, and branded invoices.


Payment Gateway


  • Description: A solution for accepting payments on websites.

  • Key Features:

  • Supports local and international cards, Apple Pay, Google Pay.

  • In-app transaction tracking.

  • Flat fee of 2.9% + 1 AED for transactions.

  • No subscription, initiation, or hidden fees.

  • Setup within minutes with EID.


Recent Developments


Recent Developments in the Company


  • In January 2021, Ziina was accepted into Y Combinator’s three-month accelerator program.

  • Ziina recently raised $7.5 million in a seed funding round to fuel its expansion plans into Saudi Arabia and support the launch of its new wallet feature.

  • Ziina was honored with the international Red Dot Design Award in the Brands & Communication Design category.


New Products Launched


  • Ziina launched its digital wallet application for consumers in the Middle East.

  • Ziina also introduced a new wallet service as part of its expansion plans.


New Features Added to Existing Products


  • Integration of Apple Pay and Google Pay for seamless payment experiences.

  • Support for QR codes and NFC for offline payments.

  • Addition of ZiiBoard for in-chat payments on social media platforms like Instagram and WhatsApp.


New Partnerships


  • Ziina has partnered with one of the three largest banks in the UAE to offer its new wallet service.

  • They have partnered with Shopify and WooCommerce for e-commerce website integrations.

  • Collaboration with United Nations High Commissioner for Refugees for collecting donations for Beirut relief efforts.


Key Investments and Fundings


  • In June 2021, Ziina closed a $7.5 million seed funding round led by Avenir Growth Capital and Class 5 Global, with participation from several notable investors and fintech founders.

  • The company has raised over $8.6 million since its launch in 2019.


Note: The report strictly includes only the information available in the given data sources.