Ashneer Grover extends support to TigerPay, Dubais fintech startup
TigerPay successfully secured a pre-seed funding of USD 250k last year and is now embarking on its second fundraising round with a target of USD 1.5M. A key investor in this round is Ashneer Grover, a prominent Indian entrepreneur and former co-founder and Managing Director of BharatPe.
TigerPay, fintech startup established in 2023 by Prabh Singh and based in Dubai, is reshaping payment solutions for Small and Medium Enterprises (SMEs) across the region. The company's flagship product, softPOS, along with QR and link payments, has been a game-changer.
TigerPay secured a pre-seed funding of USD 250k last year and is now embarking on its second fundraising round with a target of USD 1.5M. A key investor in this round is Ashneer Grover, a prominent Indian entrepreneur and former co-founder and Managing Director of BharatPe.
Expressing enthusiasm about this development, Prabh Singh, CEO of TigerPay, stated, "TigerPay is thrilled to have Ashneer Grover on board. We could not have wished for a better angel investor. Our goal is to become the largest merchant-centric fintech in the UAE and the Gulf region."
Ashneer Grover shared his excitement, saying, "Excited about TigerPay solving for small merchants in the UAE!" This sentiment underlines the fintech's dedication to supporting local businesses.
The raised funds will be utilized to expand the merchant base, develop a neobank, and establish the largest SME lending platform in the region. TigerPay has achieved notable success in just six months, garnering over 2000 merchant sign-ups.
TigerPay's product suite, which includes softPOS, QR, and link payments, delivers a seamless experience by eliminating the need for bulky hardware and transforming smartphones into POS machines. The ongoing funding round is expected to fortify TigerPay's market position and contribute to the company's growth within the fintech industry.
Merchants can anticipate improved services and features from TigerPay as a result of the funding, dedicated to enhancing the payment experience. The company has ambitious plans to expand its offerings, form strategic partnerships, and explore new markets, consolidating its position as a leading force in the fintech sector and extending its reach to other Gulf countries, including Saudi Arabia.
TigerPay is poised for an exciting future, fueled by innovation and backed by strategic investors. The company remains optimistic about its transformative role in the fintech landscape, providing exceptional payment solutions for SMEs across the region.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.