Pre-seed · Fintech
XSquare closes pre-seed round ahead of Saudi expansion
The B2B payments company has launched in Qatar and is building a wider Gulf footprint.
Cross-border operations begin in Qatar
XSquare has established a presence at the Qatar Financial Centre and is working with banks and regulated payment partners in Doha. That launch extends a business previously centred on the UAE.
A wider payment network
The company announced payment rails from Telr, Geidea, VaultsPay, Spare and Tess Payments. Its Mastercard partnership brings card-funded payments to suppliers receiving money in bank accounts, with deployments aimed at government and large corporate customers.
Use of funds
Expand payment-rail and bank partnerships
Grow engineering and commercial teams
Launch operations in Saudi Arabia
Funding history
Pre-seed · This roundUndisclosed