ZelaaPayAE raises $40m Series A

Dubai, United Arab Emirates ZelaaPayAE, a Middle-East based crypto project, announced today that it is in the market and raising  $40,000,000 in a fresh round of funding out of which over 40% has been already subscribed by well known institutions and leading angel investors to build a comprehensive retail crypto payments and peer-to-peer (P2P) exchange platform for the United Arab Emirates and expand its operations to Saudi Arabia focusing on Bahrain and Riyadh after Dubai

ZelaaPayAE’s mission is to make it easy for businesses to tap into the growing market of consumers who prefer using digital currencies and to raise awareness about the benefits and potential of digital currencies among businesses and individuals. Their solutions are designed to be user-friendly, secure, and efficient, providing businesses with the necessary tools to smoothly integrate digital currencies as a payment method. Furthermore, 

their silver bullet partnership with Visa enables them to issue debit cards that enable spending virtual-assets on the go anywhere Visa is accepted, giving the brand access to tapping into millions of dollars worth volumes annually. 

This fresh funding will be used to bring their platform to market at a faster pace and will be allocated to several critical areas such as research and development, marketing and customer acquisition, compliance and regulatory requirements, and to deliver a senseless payments ecosystem finally to the Middle East. They will also use a portion of the funds to establish partnerships and rewards to key stakeholders in the UAE and Saudi Arabia and to expand their reach in the region.

“The cryptocurrency market in the United Arab Emirates and Saudi Arabia is experiencing rapid growth and presents a significant opportunity for businesses and consumers to participate in this exciting new economy. As a leading player in the digital currency space in the region, ZelaaPayAE is well-positioned to capture this market opportunity. The funding we are seeking will enable us to fully realize our vision, establish ourselves as a leading player in the digital currency space in the region, and bring value to both businesses and consumers. We are confident that our platform will not only provide valuable services but also generate significant returns for our investors.” – Sahil Arora, CEO of ZelaaPayAE.

For more information about ZelaaPayAE and its products, please visit https://zelaapay.ae/.

For media inquiries, please contact sahil@zelaapay.ae