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FOODICS

Location : Saudi Arabia Founded : 2015 Founders : Ahmad AlZaini ( CEO ), Mosab Alothmani Total funding : US $ 198m

Since its founding in 2014 , Foodics has processed over five billion orders to become the leading cloud-based technology and payments platform for restaurants in MENA . Formally licensed as a fintech firm by Saudi National Bank , Foodics is aiming for 150,000 terminals by the end of 2024 . Following its Series C raise of US $ 170m in April 2022 in a round led by Prosus , one of the world ’ s largest tech investors , Foodics has continued its expansion and M & A strategy , acquiring POSRocket , the second largest restaurant Cloud technology provider in MENA , as it looks to grow regionally and venture into non-food micro-retail outlets .

Ahmad AlZaini ( CEO )

70 June 2023