CWallet
Digitally empowers and enables individuals in the region by giving solutions to low-income and unbanked migrant workers.
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 50 % | 117 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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CWallet is a dynamic fintech startup based in Qatar, licensed by the Qatar Central Bank. The company offers a comprehensive suite of financial services designed to cater to both consumers and merchants. CWallet's primary offerings include peer-to-peer (P2P) transactions, QR code payments, and remittance services, allowing users to send money locally and internationally. The platform supports online, offline, on-mobility, and on-delivery payment transactions, ensuring flexibility and convenience for its users.
CWallet's target clients are diverse, ranging from individual consumers who need to manage their personal finances to businesses looking for efficient payment solutions. The company operates in the financial technology (fintech) market, which focuses on leveraging technology to improve financial services. CWallet's business model revolves around providing a digital wallet that facilitates various types of transactions, including salary disbursements, bank transfers, and cash pickups.
The company generates revenue through transaction fees, currency exchange fees, and potentially through the issuance of virtual prepaid cards. By promoting a cashless society, CWallet aligns itself with the United Nations' ESG (Environmental, Social, and Governance) goals, particularly in the areas of financial inclusion and literacy. This commitment aims to ensure that everyone, regardless of their financial background, has access to essential financial services.
CWallet's vision is to provide financial freedom and diversity, enabling users to borrow, save, earn, and invest for their future. The company is dedicated to enhancing financial literacy and inclusion, making it easier for people to manage their finances effectively. With a friendly and accessible customer support team available from Sunday to Friday, CWallet ensures that users receive the assistance they need.
Keywords: fintech, digital wallet, P2P transactions, QR code payments, remittance, financial inclusion, financial literacy, cashless society, Qatar, virtual prepaid cards.