Date of Establishment: 2019
Description: Consumer-to-business digital marketplace
Foloosi is a one-stop-shop for services such as paying utility bills, parking charges, and mobile recharges. Foloosi Business allows businesses to accept card payments via QR codes or payment links without the need for a card machine. The apps processed $7 million worth of transactions in 2020, and have been downloaded more than 45,500 times. Foloosi has partnered with over 5,000 merchants, including Property Finder, Slash Coffee, and Tutoring Club. The startup graduated from Sheraa incubator program in July 2018 and was incorporated as a DIFC company in September 2019 through the FinTech Hive. Foloosi was founded by Omar Bin Brek and Mohan Karuppiah.