RIYADH: One of the largest cloud-based fintech platforms for restaurants in Saudi Arabia, FOODICS, has signed a strategic partnership with one of the leading banks in digital payments, Alinma Bank.
The partnership aims to empower small and medium enterprises in the Kingdom by allowing them to sell from anywhere at any time and accept payments on the go.
“We are delighted to be joining forces with the leading cloud-based technology and payments platform FOODICS to further enable business owners to accelerate their development on all fronts,” Abdullah AlKhalifa, CEO at Alinma Bank, said in a statement,
The partnership will enable business owners to daily settlements of customer payments twice a day to provide them with better cash flow.
Since its inception in 2014, FOODICS has processed over 6 billion orders through its platform. It also raised $170 million in its series C funding round.