Qatar-based fintech payment processing startup CWallet has successfully closed its pre-Series A investment round at $875,000 (QR3.19mn) led by MBK Holding, with participation from Angels.qa, the CWallet founders, and local angel investors. The funds raised will be primarily used for product development, system integrations with strategic local and international partners, the release of new features, maintaining regulatory compliance, enhancing cyber security, IT audit preparation, and further accreditation. Budget has also been allocated to increase CWallet’s sales and operation team, improving customer acquisition strategy and strengthening the company’s environmental, social, and gover
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