Tweeq

Tweeq

Offering a a feature-rich spending account for modern individuals and SME's with a user first approach.

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DateInvestorsAmountRound
-investor investor investor investor

€0.0

round
N/A

€0.0

round
investor investor investor

€0.0

round
*

N/A

Acquisition
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
% growth-456 %232 %
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

More about Tweeq
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Tweeq is a dynamic financial technology startup based in Saudi Arabia, offering innovative payment solutions through its co-branded Mastercard mada payment card. The company primarily serves individual consumers who are looking for a seamless, secure, and rewarding payment experience. Tweeq operates in the digital payments market, which is rapidly growing as more people shift towards cashless transactions.

The core of Tweeq's business model revolves around its payment card, which provides users with a range of benefits designed to enhance their financial management and spending experience. Users can track their spending in real-time, receive instant notifications for every transaction, and categorize their expenses by merchant, city, and type. This level of financial visibility helps users stay on top of their budgets and make informed spending decisions.

Tweeq makes money through various channels, including interchange fees, which are small fees paid by merchants whenever a transaction is made using the Tweeq card. Additionally, the company offers a rewards program that incentivizes users to spend more using their Tweeq card, thereby increasing transaction volume and revenue. The rewards program includes cashback offers and exclusive perks, which not only attract new users but also encourage existing users to remain loyal to the platform.

The company is regulated by the Saudi Central Bank and is a principal member of both Mastercard and Saudi Payments, ensuring that it adheres to the highest security standards in the payments industry. Tweeq is also PCI certified, which means it meets stringent security requirements to protect users' financial data.

In summary, Tweeq is revolutionizing the way people manage their finances by offering a secure, user-friendly, and rewarding payment solution. The company is well-positioned to capitalize on the growing trend towards digital payments, providing significant value to its users and stakeholders.

Keywords: fintech, payment card, rewards, cashback, financial management, Saudi Arabia, Mastercard, digital payments, security, real-time tracking.

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