In a pivotal development, Glamera, a technology firm operating in the beauty and care sector across the Middle East, has proudly announced its acquisition of a pivotal technical permit. This authorization, granted by Saudi Payments, empowers Glamera to offer Point of Sale (SoftPOS) services, catapulting the company into the dynamic realm of financial technology (FinTech). This transformative move not only cements Glamera’s status as a frontrunner in the industry but also ushers in a new era of seamless payment solutions in the Saudi market.
A Step Forward in Convenience and Innovation
The newly acquired permit stands as a testament to Glamera’s dedication to enhancing its service portfolio. By stepping into the realm of FinTech, Glamera is poised to revolutionize how beauty and care transactions are conducted. This announcement comes as a resounding validation of Glamera’s commitment to providing its customers with unrivaled convenience and cutting-edge solutions.
With Glamera Pay taking the lead, the company’s ambitions for expansion within the Saudi market acquire a robust platform. The platform is designed not only to ensure secure and effortless payment options but also to bolster customer trust and convenience.
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Mohammed Hassan, the visionary CEO of Glamera, expressed his optimism, stating, “Glamera Pay is our gateway to a realm of unprecedented opportunities, allowing us to extend our influence, cater to a wider audience, and fulfill the diverse needs of our customers within the Kingdom. This strategic stride also paves the way for forging invaluable partnerships, setting the stage for Glamera’s continued ascendancy in the Saudi market.”
A Technological Leap Forward
Omar Fathy, the Chief Technology Officer of Glamera, underscored the profound implications of Glamera Pay. He emphasized how this transformative leap signifies not just technological progress but also a tangible step toward success. The Saudi payments license empowers Glamera to expand its footprint and offer seamlessly integrated payment solutions, further enhancing the customer experience in the Kingdom. Fathy commented, “Our excitement knows no bounds as we bring the advantages of our technological prowess to reshape Saudi Arabia’s beauty industry, introducing enhanced convenience for our cherished users.”
A Journey from Tech Provider to Strategic Partner
Since its inception in 2020 as a technology provider, Glamera has undergone a remarkable evolution, growing into an indispensable strategic partner for its clientele. Presently, the company caters to the needs of over 2,000 clients spanning across 7 countries. Notably, Glamera successfully concluded its “seed” funding round in September 2022, with contributions from esteemed investors like Techstars, RAI, 100 Ventures, Lucrative Ventures, and Oqal, along with a consortium of angel investors.
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As Glamera blazes a trail into the FinTech arena, it is undeniable that this Saudi payments license heralds a significant turning point. With the integration of Glamera Pay, the company is poised to reshape the landscape of beauty and care transactions, amplifying customer experiences while solidifying its position as a trailblazer in the ever-evolving realm of technology and finance. The fusion of beauty and FinTech that Glamera embodies promises a future where innovation knows no bounds, and convenience becomes the new norm.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard