When was Cwallet founded?

Cwallet was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is Cwallet located?

Cwallet is headquartered in Doha, Qatar.

How many employees does Cwallet have?

As of Aug 31, 2026, the latest employee count at Cwallet is 20.

Is Cwallet a funded company?

Cwallet is a funded company, having raised a total of $1.1M across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Aug 31, 2020.

When was the latest funding round of Cwallet?

Cwallet's latest funding was a $***** Seed round on Jun 15, 2022, with participation from 2 investors.

Where does Cwallet rank among its competitors?

Cwallet ranks 2nd amongst 21 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was KARTY, which secured $2M in Jan, 2024.

Who are the top competitors of Cwallet?

Cwallet's top competitors include KARTY, Stockal and YouGo. Among them, KARTY secured the most recent funding round in January, 2024.

Cwallet - 2026 Company Profile, Team, Funding & Competitors

Cwallet is a seed company based in Doha (Qatar), founded in 2018 by AbdulMohsin Alyafei. It operates as a Cross-border money transfer platform for individuals and businesses. Cwallet has raised $1.1M in funding from MBK Holding. The company has 21 active competitors, including 2 funded and 1 that has exited. Its top competitors include companies like KARTY, Stockal and YouGo.

Company Details

Cross-border money transfer platform for individuals and businesses. It offers features digital wallets to send, receive, and make payments overseas. Also, provides tools for businesses to make payroll payments, B2B transfers, and accept payments across borders. The application can be accessed on iOS and Android devices.

Website: cwallet.qa
Social
Email ID: *****@cwallet.qa

Key Metrics

Founded Year

2018

Location

Doha, Qatar

Stage

Seed

Total Funding

$1.1M in 3 rounds

Latest Funding Round

Seed, Jun 15, 2022, $*****

Investors

MBK Holding & 6 more

Ranked

2^nd among 21 active competitors

Employee Count

20 as on Aug 31, 2026

Similar Companies

Grab & 2821 more

View Cwallet's full profile

Cwallet has raised a total funding of $1.1M over 3 rounds. Its first funding round was on Aug 31, 2020. Its latest funding round was a Seed round on Jun 15, 2022 for $*****. 2 investors participated in its latest round. Cwallet has 7 institutional investors.

Here is the list of recent funding rounds of Cwallet:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 15, 2022	7199084	Seed	6404868	1169805	7451069	2960779
Jan 09, 2021	6991482	Seed	6289658	2368163	4560713	Nautica Tech Venture & 1 more
Aug 31, 2020	3963452	Grant (prize money)	3061919	4445148	9013405	9437505

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View details of Cwallet's funding rounds and investors

The founders of Cwallet is AbdulMohsin Alyafei.

Here are the details of Cwallet's key team members:

AbdulMohsin Alyafei: Co-Founder & Vice Chairman of Cwallet.

View details of Cwallet's Founder profiles and Board Members

Cwallet's employee count trend

Cwallet has 20 employees as of Aug 26. Here is Cwallet's employee count trend over the years:

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Top competitors of Cwallet include KARTY, Stockal and YouGo. Here is the list of Top 10 competitors of Cwallet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	KARTY 2021, Doha (Qatar), Seed	Provider of spend and transaction management solutions for businesses	$3.15M	Qatar Development Bank, Visa & 2 others	47/100
2nd	Cwallet 2018, Doha (Qatar), Seed	Cross-border money transfer platform for individuals and businesses	$1.1M	Village Capital, Risin Ventures & 5 others	38/100
3rd	Stockal 2015, New York City (United States), Funding Raised	Provider of platform for global financial access, investing, and payments	-	Tracxn Labs, Dholakia Ventures & 1 others	39/100
4th	YouGo 2018, Doha (Qatar), Deadpooled	Wallet-based payment solution for consumers	-	-	32/100
5th	SimplePay 2009, Cape Town (South Africa), Unfunded	Online payroll management software	-	-	31/100
6th	Symplefy 2016, Ho Chi Minh City (Vietnam), Acquired	Payroll management solution provider	-	-	29/100
7th	Bridge PayDay 2015, Makati (Philippines), Unfunded	Payroll management software	-	-	29/100
8th	Ondram 2019, Madurai (India), Funding Raised	Web-based payroll management platform	-	-	28/100
9th	Gigapay 2018, Stockholm (Sweden), Funding Raised	Provider of payment infrastructure facilitating vendor onboarding, tax compliance, and global payouts	-	TheVentureCity	27/100
10th	Easy Payslip 2017, Mosman (Australia), Unfunded	Payroll management solution provider	-	-	27/100