What is Arab Financial Services?
Established in 1984, Arab Financial Services (AFS) stands as the MEA region's leading payment solutions provider and FinTech enabler. The company specializes in delivering innovative, end-to-end payment services and solutions, encompassing card processing, merchant acquiring, and a comprehensive suite of value-added services. AFS's commitment to industry standards is highlighted by its status as the first processor in the region to achieve Payment Card Industry Data Security Standard (PCI DSS) 3.2 certification, demonstrating a strong foundation in security and operational excellence.
How much funding has Arab Financial Services raised?
Arab Financial Services has raised a total of $50M across 1 funding round:
Other Financing Round
$50M
Other Financing Round (2024): $50M, investors not publicly disclosed
What's next for Arab Financial Services?
The recent major strategic investment into Arab Financial Services signals a pivotal moment for the company's expansion and technological advancement. This capital injection is expected to fuel further innovation in its payment processing and merchant acquiring capabilities, potentially enabling AFS to broaden its market reach within the MEA region and beyond. The company's focus on FinTech enablement suggests strategic initiatives aimed at integrating emerging technologies and enhancing its service offerings to meet evolving digital payment demands. This funding will likely support scaling operations, enhancing its state-of-the-art value-added services suite, and solidifying its leadership in a dynamic financial technology sector.
See full Arab Financial Services company page
