Top Fintech Apps In The Middle East

Rank: 7


Date of Establishment: 2011

Description: Bill and payment app

Owner: MadfooatCom for Electronic Payments

Country: Jordan

CEO: Nasser Saleh (Executive Chairman and Founder )

eFAWATEERcom is integrated with 92% of banks in Jordan, allowing customers to pay over 250 types of bills electronically. In 2020, it processed over 50 million invoices, valued at $33 billion, and it has more than 381,000 active users. The app is owned by the Central Bank of Jordan and operated by Jordanian company MadfooatCom for Electronic Payments, which ranked 35th on Forbes Middle East’s list of “The Middle East’s 50 Most Funded Startups” list in 2020 after raising $7.8 million in total funding.