Award-winning Dubai-based payment gateway firm hires new CEO amid major growth plans. Existing investors reassert confidence through second capital injection.
The tech start-up, which provides bespoke payment gateway services to companies� specific payment requirements, operates from a Dubai HQ across the UAE and Saudi Arabia. The new round of funding enables the business to proceed with aggressive growth plans, which include penetrating the fast-growing markets in the GCC, MENA and others beginning in Q1 of 2020.
The appointment of Khalil Alami as the firms new CEO represents another significant gear change in the companys fortunes Alami previously acted as CEO of publicly listed International Cards Company (ICC) and served as a Board Member for the Young Entrepreneurs Association in Jordan. His role will be to deliver growth and build upon Telrs success, which, is partly due to Telrs incredibly flexible, wholly owned platform, which allows us to customise in a truly unique way for each customer.
Alami also pointed towards the Companys unique proposition for large organisations and SMEs, referring to its in-house build capabilities, which he says, Enable us to work with SMEs and make a real impact on their performance. Likewise, weve made a huge, tangible contribution to how major organisations operate and how they interact with their customers.
While Telr processes payments for large-scale organisations such as government entities, retail chains and taxi hailing apps – among other big brand apps – it also provides payment solutions to the small and medium enterprises (SME) segment. Alami advocates working with SMEs because of their potential for job creation, economic diversification and financial inclusion through the provision of new payment solutions for small traders. Small businesses are the backbone of any economy and are huge employers. Merchants can grow their company in an affordable and creative way without having to worry about how to capture payments from their customers or about accessing financial services. Similarly, the flexibility that comes with our platform enables us to provide value-added services that support large organizations as well.
Telr also offers its clients a suite of business management services including digital invoicing, state-of-the-art anti-fraud security and real-time monitoring services, QR Codes, social commerce solutions, hosted pages and entry-level fee packages for brand new start-ups among other things. Alami continued, Our solutions meet the needs of the 21st century customer and the demands of the 4th industrial revolution. As countries such as the UAE and Saudi Arabia move ever closer to becoming cashless societies, its an ecosystem that everybody benefits from.
Commenting on his firms confidence in Telr, the Founder and Managing Director of investment company iMENA, Khaldoon Tabaza said, A home-grown payment gateway is a natural winner in a market like ours, building on tailwinds that include growth of the market, electronic payments, and online businesses, along with Telrs unique differentiators that include, but are not limited to its proprietary technology and presence across many markets. He added, We now have the team in place to grow the platform and offering further, adding new products and markets.
About Telr
Established in 2014, Telr is an award-winning, Dubai-based start-up offering payment gateway solutions for SMEs, government bodies and large corporates. Its wholly owned, unique platform enables it to handle complex or unique payment methods or integrations. Telr was awarded with the prestigious Start-up of the Year award in 2014 only months after officially launching. In 2015 it won Best Payment Product in the Middle East award, whilst in 2017 it was awarded Innovative Vendor Fintech at the 2017 GEC Awards in Dubai.
With a fast-growing presence in the UAE, Saudi Arabia, and India, Telr is building a wider regional presence in the GCC, MENA and other countries. Telr enables businesses to transact in over 120 currencies with payment platform capabilities in 30 languages and it provides customers with a range of financial and business services that include social commerce, QR Codes, anti-fraud protection, Shopping Cart Integrations, and digital invoicing.
Telr is the first PCI DSS Level 1 certified company in MENA (payment security standards council).
For more information please contact:
Richard Monzer
media@telr.com
Website: https://telr.com/
Linkedin: https://www.linkedin.com/company/telr/
Twitter: https://twitter.com/TelrDotCom
Facebook: https://www.facebook.com/telrdotcom/
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