Qsalary, a Saudi Arabian HRtech business, and Itqan Capital, a Saudi investment firm, have joined forces to establish a $80 million investment fund. For investors looking for ways to manage their dispersed expenses and hasten salary payments, the fund provides investment alternatives.
Qsalary is a digital platform and application that offers employees accelerated salary payment services. It was founded in 2022 by Mohammed Badwi and Amr Abu Shady.
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Leading provider of digital payment solutions, Qsalary, and cutting-edge investment firm, Itqan Capital, have announced plans to establish an investment fund with the goal of offering creative financial solutions that help businesses handle dispersed expenses and expedite salary payments. With a 300 million Saudi Riyal valuation, the fund presents unique investment prospects for those looking for transparent, safe, and profitable growth.
Qsalary is a digital platform and application that offers employees expedited salary payment services. Through the reduction of monthly financial obligations and the elimination of administrative costs related to processing advances, disbursed expenses, and payroll, this fundamental solution helps businesses enhance employee loyalty.
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With aspirations to expand through local and international partnerships, Qsalary solutions will soon be offered in the Gulf Cooperation Council countries, in addition to Saudi Arabia and Egypt.
Under the direction of CEO Mansour Al-Shaibi, ASFA Ventures is proud to have Qsalary among its expanded and domestic businesses. Amr Abu Shady, the COO, and Mohammed Badawi, the CTO, founded Qsalary, one of the first businesses under ASFA Ventures.
Building businesses in the Fourth Industrial Revolution space, including blockchain, Web 3.0, financial technology, real estate, and more, is ASFA Ventures’ area of expertise. Building strong businesses and achieving long-term growth in important sectors that support the Saudi Arabian Kingdom’s vision are the goals of ASFA.
About Qsalary
Quick salary is a financial solution that, depending on the needs of the staff and the business, enables employees to take advantage of their earned salary whenever they need it.
About Itqan Capital
Itqan Capital is a Capital Markets Authority-licensed investment business established in Saudi Arabia.
