Naqood

Naqood

The easiest and unified tool to help SMEs manage their spend wisely powering the next generation of business to thrive by providing a simple to use platform and pre paid corporate cards.

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DateInvestorsAmountRound
-investor investor investor investor investor investor investor investor

€0.0

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Valuation: €0.0

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$3.0m

Seed
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-136 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

More about Naqood
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Nqoodlet is a financial technology startup that provides a unique solution for businesses to manage their expenses. The company operates in the Middle East market, serving businesses of all sizes. Nqoodlet's primary offering is a multi-currency card system that allows businesses to issue multiple cards to their employees, each with a specific currency. This feature provides businesses with flexibility in managing their international expenses.

The cards can be topped up with a specified balance, and there is an option to request an increase in balance through the company's team. This ensures ease and security in payments and recharging. Nqoodlet's system also allows for real-time tracking of all expenses, with immediate notifications for every transaction. This feature eliminates the need for paper-based expense management, making the process more efficient and environmentally friendly.

Nqoodlet also offers a unique feature that allows businesses to categorize their purchases easily and directly. This feature can be particularly useful for businesses that have diverse expense categories, such as marketing fees on social media channels, hotel fees, flight tickets, meals for the team, or even coffee and tea expenses.

The company makes money by charging businesses a fee for using their card system. The fee structure is not specified but is likely based on the number of cards issued and the volume of transactions.

In summary, Nqoodlet is a fintech startup that offers a multi-currency card system for businesses to manage their expenses efficiently and securely.

Keywords: Fintech, Expense Management, Multi-Currency Card, Real-Time Tracking, Immediate Notifications, Purchase Categorization, Fee-Based Business Model, Middle East Market, Business Expenses, Financial Security.

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