Founded in 2022 by Ghormallah Alghamdi and Nedal Sabbah, EdfaPay develops SoftPOS technology that converts smartphones into payments terminals, eliminating the need for traditional hardware. The company targets small and medium-sized enterprises by offering a user-friendly, cost-effective payments acceptance solution. With the newly secured $5 million pre-Series A, EdfaPay plans to expand its footprint across the MENA region—emphasizing growth in Oman—while investing in product innovation and R&D. It also intends to form strategic partnerships with financial institutions and telecommunications providers and to scale its team through talent acquisition. The article does not disclose revenue, user metrics, or prior funding details.

Total raised

$5M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2026