# EdfaPay funding: rounds and investors

> EdfaPay has raised $5.0M across 1 round since 2024. Every round with its source.

Source: https://millionrounds.com/company/edfapay (Millionrounds; every figure on the page links to its filing or article)

[Seed startup](https://millionrounds.com/companies)

# Who invested in *EdfaPay*

One round we have observed, with the 0 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services

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Funding summary Updated 5 Nov 2026

**$5.0M** raised across 1 round since 2024, from 1 source

- **Latest round:** Seed, $5.0M Nov 2024
- **Investors:** 0

See who backed them

## The rounds

- **Nov 2024** Seed **$5.0M** No investor was named in the report. Source recorded

## Founders and team

From EdfaPay's own website: 5 on the team.

- **Ghormallah Alghamdi** Chief Executive Officer
- **Ahmed Smesem** Chief Product Officer
- **Nedal Sabbah** Chief Technology Officer
- **Riyadh Abdullah** Chief Operation Officer
- **Veysel Baydogan** Chief Information Officer

## Also claim to have backed them

This firm lists EdfaPay as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Nuwa Capital](https://millionrounds.com/fund/nuwa-capital) VC firm Per its own site

## Quick answers about EdfaPay

### How much has EdfaPay raised?

EdfaPay has raised $5.0M across 1 round since 2024.

### When did EdfaPay last raise?

EdfaPay's most recent round was a Seed of $5.0M in Nov 2024.

### What was EdfaPay's biggest round?

Its most recent round, $5.0M in Nov 2024, is also its largest on record.

### What stage is EdfaPay at?

EdfaPay's latest named round is a Seed, in Nov 2024.

## Companies like EdfaPay

In the same sector, and raised in the last eighteen months.

[**Matters** $5.0M · Oct 2026](https://millionrounds.com/company/matters)[**Credilio** $3.2M · Mar 2026](https://millionrounds.com/company/credilio)[**Muhlah** $7.5M · Mar 2026](https://millionrounds.com/company/muhlah)[**Ecofy** $41M · Mar 2026](https://millionrounds.com/company/ecofy)[**Turaco** $1.3M · Mar 2026](https://millionrounds.com/company/turaco)[**Complyance** $20M · Feb 2026](https://millionrounds.com/company/complyance)

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