When was WaffarX founded?

WaffarX was founded in 2018 and raised its 1st funding round 3 years after it was founded.

Where is WaffarX located?

WaffarX is headquartered in Cairo, Egypt.

How many employees does WaffarX have?

As of Apr 30, 2026, the latest employee count at WaffarX is 34.

Is WaffarX a funded company?

WaffarX is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 07, 2021.

When was the latest funding round of WaffarX?

WaffarX's latest funding was a $***** Seed round on Mar 28, 2022, with participation from 1 investor. Its primary sector is Coupons and Deals. In Egypt, the Coupons and Deals sector has seen $23M in funding in 2026 to date.

Where does WaffarX rank among its competitors?

WaffarX ranks 2nd amongst 4 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 Lucky, which secured $23M in Apr, 2026.

Who are the top competitors of WaffarX?

WaffarX's top competitors include Lucky, GetPlus and Otlob Coupon. Among them, Lucky secured the most recent funding round in April, 2026.

WaffarX - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online platform offering cashback and discounts on multi-category products and services. It offers cashback across categories like fashion, beauty, electronics, home & garden, baby products, travel, sports accessories, tickets, and more from different stores and brands.

Website: www.waffarx.com/en-us
Social

Key Metrics

Founded Year

2018

Location

Cairo, Egypt

Stage

Seed

Latest Funding Round

Seed, Mar 28, 2022, $*****

Investors

Lobby Capital & 2 more

Ranked

2^nd among 4 active competitors

Employee Count

34 as on Apr 30, 2026

Similar Companies

Upside & 202 more

View WaffarX's full profile

WaffarX has raised funding over 2 rounds. Its first funding round was on Dec 07, 2021. Its latest funding round was a Seed round on Mar 28, 2022 for $*****. 1 investor participated in its latest round. WaffarX has 2 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of WaffarX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 28, 2022	4486765	Seed	8032069	4570845	1465162	1426365
Dec 07, 2021	4594928	Seed	4854868	1639540	Lobby Capital	A15

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View details of WaffarX's funding rounds and investors

The founders of WaffarX is Mohamed Fayek.

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

Mohamed Fayek: Co-Founder of WaffarX.

View details of WaffarX's Founder profiles and Board Members

WaffarX's employee count trend

WaffarX has 34 employees as of Apr 26. Here is WaffarX's employee count trend over the years:

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Top competitors of WaffarX include Lucky, GetPlus and Otlob Coupon. Here is the list of Top 10 competitors of WaffarX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lucky 2019, Cairo (Egypt), Series B	App-based platform offering discounts and offers	$51M	Lorax Capital Partners, DisrupTech & 13 others	70/100
2nd	WaffarX 2018, Cairo (Egypt), Seed	Online platform offering cashback and discounts on multi-category products and services	-	A15, Lobby Capital & 1 others	46/100
3rd	GetPlus 2018, Jakarta (Indonesia), Funding Raised	App-based platform offering rewards	-	GDP Venture	22/100
4th	Otlob Coupon 2017, Cairo (Egypt), Unfunded	Online platform offering verified coupon codes and deals	-	-	21/100