KARTY, the Qatari fintech startup, raises $2mln and soars

Qatari fintech startup KARTY has raised over $2 million in a recent seed funding round. The funds, raised from local investors, will help KARTY launch its e-Wallet and financial resource management application. The startup has obtained in-principle approval from Qatar Central Bank, as well as support from institutions like Qatar Foundation, Masraf Al Rayan, Qatar FinTech Hub, and Visa. KARTY’s e-Wallet will offer services such as peer-to-peer money transfers, expense tracking, and financial literacy tools. The startup aims to revolutionize financial transactions in Qatar and beyond.