Qsalary and Itqan Capital Launch $80 Million Fund for Innovative Financial Solutions

Qsalary, a leading digital payment solutions provider, has partnered with Itqan Capital to introduce a new investment fund valued at 300 million Saudi Riyals (approximately $80 million). This fund aims to modernize financial solutions by focusing on accelerated salary payments and efficient management of expenses for companies. The collaboration marks a significant step towards transforming the financial sector with secure and transparent investment opportunities.

Qsalary is known for its digital platform that simplifies the salary payment process, enhancing employee satisfaction and reducing administrative costs for companies. Currently operating in Saudi Arabia and Egypt, Qsalary plans to expand into Gulf Cooperation Council countries, reinforcing its leadership in the digital payments arena.

ASFA Ventures, led by CEO Mansour Al-Shaibi and home to Qsalary, continues to support technological advancements in sectors like blockchain, financial technologies, and real estate. ASFA Ventures aims to foster growth in line with Saudi Arabia's national vision, making it an attractive option for investors focused on technological innovations.