MIT Enterprise Forum Pan Arab
alumni directory
MadfooatCom
Fintech
Jordan
Still operating
Launched in 2011
Competition
Rank
Track
Arab Startup Competition Sixth Edition 2013
Semi-finalist
Startups Track
Competition
Arab Startup Competition Sixth Edition 2013: Startups Track - Semi-finalist
Description
MadfooatCom is an online, real-time bill presentment and payment system (EBPPS); which enables customers to inquire about and pay their bills and payments anytime, anywhere using different payment channels.It is the first e-payments company in Jordan, established in 2011 with an investment by Oasis500, aiming to disrupt the cash payments in the emerging markets. In 2014, MadfooatCom won the bid for the Central Bank of Jordan’s project to build and operate eFAWATEERcom; the national electronic bill presentment and payment service in Jordan. Today, it is connected to 100% of the banks and more than 180 billers, the system has processed till date 21.4 million bills worth USD 18 billion.
Founders
Nasser Saleh
Founder and CEO
Team members
Anan Al Wanni
/ Jordan's Country General Manager
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