Bank al Etihad

Bank al Etihad is a commercial bank headquartered in Amman, Jordan, established in 1978 as a public shareholding company. With a paid-up capital of JDs 110 million and a capital base exceeding JOD 235 million, the bank maintains a robust capital adequacy ratio of 16.91%. It operates a network of 37 branches, with plans to expand to 38, and has 52 ATMs, including a branch in Ramallah, Palestine. Bank al Etihad offers a comprehensive range of financial products and services, which include personal and business banking, digital banking, savings accounts, credit and debit cards, loans, and wealth management. Additionally, the bank fully owns Etihad Brokerage, a firm established in 2006, further enhancing its service offerings in the financial sector.

Basem Salfiti

Chairman of the Board

8 past transactions

liwwa

Series B in 2022
liwwa, Inc. is a peer lending platform based in Amman, Jordan, established in 2013. The company connects small and medium-sized enterprises (SMEs) seeking capital with individual and institutional investors looking to diversify their investment portfolios. Through its platform, liwwa enables borrowers to apply for small business loans, facilitating access to necessary funds while allowing investors to earn regular monthly returns. The company conducts in-house evaluations of borrowers' creditworthiness and employs a lease-to-own model that provides interest-free returns for investors. By focusing on the MENA region, liwwa aims to enhance capital access for small businesses and create investment opportunities for individuals and institutions.

liwwa

Debt Financing in 2022
liwwa, Inc. is a peer lending platform based in Amman, Jordan, established in 2013. The company connects small and medium-sized enterprises (SMEs) seeking capital with individual and institutional investors looking to diversify their investment portfolios. Through its platform, liwwa enables borrowers to apply for small business loans, facilitating access to necessary funds while allowing investors to earn regular monthly returns. The company conducts in-house evaluations of borrowers' creditworthiness and employs a lease-to-own model that provides interest-free returns for investors. By focusing on the MENA region, liwwa aims to enhance capital access for small businesses and create investment opportunities for individuals and institutions.

EON Aligner

Series B in 2021
EON Aligner is a dental technology company that develops full-service clear aligner systems designed for white-label use. Its platform covers clinical treatment setup, agile aligner manufacturing, and clinician-centric software, enabling providers to offer hygienic and comfortable orthodontic care for a wide range of malocclusions under their own brands. Originating in Minnesota, EON Aligner is now headquartered in Belgium with regional offices in Asia, Europe, and the Middle East to support a global customer base.

liwwa

Series A in 2019
liwwa, Inc. is a peer lending platform based in Amman, Jordan, established in 2013. The company connects small and medium-sized enterprises (SMEs) seeking capital with individual and institutional investors looking to diversify their investment portfolios. Through its platform, liwwa enables borrowers to apply for small business loans, facilitating access to necessary funds while allowing investors to earn regular monthly returns. The company conducts in-house evaluations of borrowers' creditworthiness and employs a lease-to-own model that provides interest-free returns for investors. By focusing on the MENA region, liwwa aims to enhance capital access for small businesses and create investment opportunities for individuals and institutions.

liwwa

Series A in 2018
liwwa, Inc. is a peer lending platform based in Amman, Jordan, established in 2013. The company connects small and medium-sized enterprises (SMEs) seeking capital with individual and institutional investors looking to diversify their investment portfolios. Through its platform, liwwa enables borrowers to apply for small business loans, facilitating access to necessary funds while allowing investors to earn regular monthly returns. The company conducts in-house evaluations of borrowers' creditworthiness and employs a lease-to-own model that provides interest-free returns for investors. By focusing on the MENA region, liwwa aims to enhance capital access for small businesses and create investment opportunities for individuals and institutions.

Quassar Capital

Venture Round in 2017
Quassar Capital is a United States-based investment firm founded in 2012 with a broad national presence. It relies on quantitative methods drawn from applied mathematics, statistics, financial markets, and advanced programming to guide investment decisions. The firm emphasizes technology and infrastructure to support research and execution and aims to deliver high-quality returns while adapting to changing market conditions. Quassar Capital is affiliated with Cabrera Capital Markets.

MadfooatCom

Funding Round in 2015
MadfooatCom is the first e-payments company in Jordan, established in 2011 with an investment by Oasis500, aiming to disrupt the cash payments in the emerging markets. In 2014, MadfooatCom won the bid for the Central Bank of Jordan’s project to build and operate eFAWATEERcom; the national electronic bill presentment and payment service in Jordan. Today, it is connected to 100% of the banks and more than 300 billers including all telecom, utilities, private and government sector billers (Customs dept., e-Gov, ministry of Finance, social security, traffic tickets, etc...), and has processed till date, more than 48 million bills paid worth of more than 32 billion USD. The government of Jordan decided to use eFAWATEERcom for all its payments. By the end of 2017, more than 10 government services stopped using cash and transfer to ePayments using eFAWATEERcom in a government plan to digitize all government services and payments by 2020. MadfooatCom expanded to Oman and Palestine with more MENA countries in the pipeline (Algeria, Kenya, …), and is an active member of Endeavor Entrepreneurs’ global network and EO network. MadfooatCom was recently licensed by the Central Bank of Jordan as an e-wallet operator, to build and operate an electronic wallet in Jordan to help the unbanked people with managing their financials online. MadfooatCom’s CEO and Founder (Nasser Saleh) received the award of excellence from his majesty King Abdullah II for the company service: eFAWATEERcom which made the people life easier by introducing ePayments for most of their payments. In January 2018, Mr. Nasser also received the Mohammad bin Rashid Award at Dubai for the best Service Company in the Arab World. In 2019 MadfooatCom was selected as one of the top 100 startups that are shaping the "Fourth Industrial Revolution" in the MENA region and in 2020 was ranked by Forbes magazine in the top 10 Best regional technology companies in the Middle East Customers are wasting a lot of time and effort in paying their bills forcing them to stand in long queues for extended periods of time s they can pay their bills online, anywhere and anytime. Our platform, eFAWATEERcom, streamlines the billing and collection process for businesses and consumers alike. It runs on a scalable, microservices-based architecture that accommodates billers, banks and payment service providers. The system uses RTGS (Real Time Gross and Settlement System) to enable real time settlements that can be configured to handle multiple sessions.

liwwa

Seed Round in 2015
liwwa, Inc. is a peer lending platform based in Amman, Jordan, established in 2013. The company connects small and medium-sized enterprises (SMEs) seeking capital with individual and institutional investors looking to diversify their investment portfolios. Through its platform, liwwa enables borrowers to apply for small business loans, facilitating access to necessary funds while allowing investors to earn regular monthly returns. The company conducts in-house evaluations of borrowers' creditworthiness and employs a lease-to-own model that provides interest-free returns for investors. By focusing on the MENA region, liwwa aims to enhance capital access for small businesses and create investment opportunities for individuals and institutions.
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