Amount Raised
$98 Million
Round Type
Funding Round
Description
The shareholders of Arab Financial Services Company B.S.C.(c) ("AFS"), a leading digital payment solutions provider and fintech enabler in the Middle East and Africa, decided to increase the company's authorised share capital to US$ 150 million and its issued and paid-up share capital to US$ 98 million. The decision was taken at an extraordinary general meeting of shareholders held on 5 December 2021, subject to Central Bank of Bahrain approval. The capital increase aims to propel AFS's revenue growth and strategic expansion.
Quick answer
Arab Financial Services raised $98 Million in a Funding Round round, dated December 9, 2021.
- How much did Arab Financial Services raise?
- Arab Financial Services raised $98 Million in a Funding Round round on December 9, 2021.
- What does Arab Financial Services do?
- AFS is the leading provider of electronic payments outsourcing services in the MENA region.
Source: Fundz verified event record.
Who else raised in Financial Services and Payments around the same time
Companies in the same sectors as Arab Financial Services that raised within 45 days of this round, from Fundz verified event records.
- Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
- Anchorage Digital raised $350M (Series D) on December 15, 2021.
- Fullsteam raised an undisclosed amount on December 2, 2021.
- nCino raised $926M on January 21, 2022.
- Shakepay raised $44M (Series A) on January 20, 2022.
- Billfold raised an undisclosed amount (Corporate Round) on January 12, 2022.
Who to call at Arab Financial Services, and when
A new round usually means Arab Financial Services is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Arab Financial Services raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Arab Financial Services, from your own LinkedIn network
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Fundz sees it the moment Arab Financial Services raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Arab Financial Services raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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