Leading provider of digital payment solutions, Qsalary, and cutting-edge investment firm, Itqan Capital, have announced plans to establish an investment fund with the goal of offering creative financial solutions that help businesses handle dispersed expenses and expedite salary payments. With a 300 million Saudi Riyal valuation, the fund presents unique investment opportunities for those looking for transparent, safe, and profitable growth.
Qsalary is a digital platform and application that offers employees expedited salary payment services. Through the reduction of monthly financial burdens and the elimination of administrative costs related to processing advances, disbursed expenses, and payroll, this core solution helps businesses enhance employee loyalty.
With plans to expand through local and international partnerships, Qsalary solutions will soon be available in the Gulf Cooperation Council countries, in addition to Saudi Arabia and Egypt.
Under the direction of CEO Mansour Al-Shaibi, ASFA Ventures is proud to count Qsalary among its expanded and domestic businesses. Amr Abu Shady, the COO, and Mohammed Badawi, the CTO, founded Qsalary, one of the first businesses under ASFA Ventures.
Building businesses in the domain of Fourth Industrial Revolution technologies—Blockchain, Web 3.0, financial technologies, real estate, and so forth—is ASFA Ventures’ specialty. In order to further the goals of the Kingdom of Saudi Arabia, ASFA seeks to establish robust businesses and attain long-term expansion in key sectors.
For investors wishing to take advantage of cutting-edge technological advancements and investigate lucrative business prospects, ASFA is the perfect place to be.
