Foloosi is a UAE Fin-Tech startup facilitating consumer-to-business card payments by enabling businesses to display QR code, share Payment Links and API integrations for their customers to pay conveniently
Foloosi create values and hence lots of home and social media based businesses need products listing platform with easy integration.
Now it’s time for the customers. They can view the products, select according to their choice of interest and order and pay within a few seconds.
We help to develop your business with instant innovation readily available. Our group is about advancement, which means you’ll get the chance to profit by the steady upgrades and research that they’re directing
Innovation never rests! You can maintain your business all day, every day and catch trade at all hours of the day.
Foloosi is tied in with addressing needs, which is the reason we put accentuation on successful and exact information accumulation that can furnish our partners with important business experiences.
Foloosi is a UAE Fintech startup facilitating consumer-to-business card payments by enabling the business to display QR code, Payment Link and API integrations for the customer to scan & pay conveniently.
Foloosi has raised a seed fund of 500k USD from existing investor Rasheed Alfalasi along with new investor Mohammed Alsuwaidi. Around four months back Foloosi has raised a pre-seed fund from Angel fund investor Rasheed Alfalasi
Foloosi was founded in 2018 and launched its product in the year 2019 that enables simple and easy way to accept, process, disburses payment solution for businesses. It helps businesses by providing payment gateway, payment link, subscriptions and POS software. Foloosi’s payment solutions can be integrated by both web and mobile applications.
Foloosi connects merchants with customers while giving an easy way to make payments. We see solid interest from businesses in the UAE for this service, with the transaction volumes reliably growing at above 40 per cent month-on-month. Transacting millions of dirham’s of sales every month was a key achievement for us as the business keeps on growing.
We have achieved one million + AED revenue rate at the end of July 2019 and 300+ businesses signed up to accept card payments and 2000+ users paid through Foloosi to partner businesses.
We are the only startup in UAE providing many billing solutions facilities and few of them are du top up and bills, Etisalat top up & bill, FEWA, Mawaqif topup, Mawaqif fine, National bond, NOL card, Ajman direct etc.
Products of Foloosi
Retailers can accept payment easily from customers just by generating one QR code.
Sending a payment request and get paid instantly using Foloosi’s payment link.
Retailers can accept payments in their mobile app/ website with Foloosi payment gateway and customers can pay using this gateway.
Enable recurring payment schedule, control the billing cycle and get instant alerts on subscription activity with Foloosi’s Subscriptions.
Multiple currency support
Foloosi supports 150+ currencies for international digital payments, including major currencies like USD, Euro, Pound, and INR.
Foloosi’s POS software helps to manage your business on your device. Also adjust items, manage employees, and see real time reports from anywhere.
In future, Foloosi has planned to launch a business page consisting of detailed information about the business, geo locations and customers can pay using online store without scanning.
We conclude that Foloosi’s main target is to provide payment solution for all financial sectors including small, medium and large Enterprises.
Regardless of whether you’re a substantial endeavor or a private company, Foloosi offers a wide scope of solutions for reevaluate retail and enhance the purchaser experience.
“The capacity to utilize Foloosi at all of the spots they shop online — and now the majority of the spots they shop offline— is the epitome of our decision and association methodologies. This is a genuine success for the customer, the trader and the money related organizations whose cards they are utilizing to support their virtual Foloosi accounts.”
The challenge of digital payments is giving shoppers a generally excellent motivation to bring an end to their old payments habits.
Foloosi has dependably trusted that merchants, and not simply shoppers, must be in charge of digital wallet appropriation. From drug stores and accommodation stores to snappy administration eateries and bistros to claim to fame retail, all shippers are fruitful ground for actualizing a more extensive assortment of payment strategies into regular business encounters. The more traders that do as such, the more purchasers will pursue.
Foloosi said, sees a real opening for consumers to more easily use their accounts in-store to bolster efforts for the retailer to know who’s walking into their storefronts so they can engage with the consumers at a deeper level.
Foloosi provides grade Payments Solutions for all Retail Business
Add Payments to your Offline and Online POS
QR code has order information and amount
With a single tap customers can make payment from Foloosi app scan
Ideal for vending machines and billing POS
In the case of merchants they can scan customer’s QR code to debit amount
Super quick payment to address queuing woes
Ideal for quick service restaurants and supermarket
Foloosi helps retailers to accept payments using QR code without the need of any POS machine. Folossi provides the following for the retailers.