Qatari fintech cwallet secured more than $500K

Qatar-based fintech startup cwallet, has successfully secured more than $500,000 in its first year. Basically, cwallet positioned itself as a digital wallet.

Their target giving solutions to low-income and unbanked migrant workers, domestic helpers and blue-collar workers allowing them to access financial services that are currently unavailable to them.

Doha-based fintech also licensed by the Qatar Financial Center (QFC) as C Wallet International. Their expanding plans first in Qatar and then go for Asian market, because of the high unbanked population.

While cwallet currently available on Apple’s AppStore and Google PlayStore, C Wallet’s founder, Michael Javier, shared that cwallet 2.0 will be launched by Q3 2020 to enable users to directly buy and pay online using their cwallet accounts. Also, payroll and remittance services will be added later on. With this vision, we can clearly see that cwallet will be the digital bank for their targeted segment. cwallet available in 9 different languages and its also big advantage for them.

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