The Record · No. 023

Faisal Toukan

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Ziina · Fintech

He built consumer and small-business payments on one of the UAE central bank's first stored value licences, replacing IBAN transfers with phone-number payments.

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Dubai of Tomorrow
No. 023Fintech
Faisal
Toukan
He built consumer and small-business payments on one of the UAE central bank's first stored value licences, replacing IBAN transfers with phone-number payments.
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Dubai of TomorrowNo. 023
Ziina
Founded2020 · Dubai
Raised$22M Series A, 2024
Customers50,000 retail and business
Compounding moves
2020 · Founded in Dubai by Faisal and Sarah Toukan
2021 · Completed Y Combinator and raised $7.5M seed
2024 · Raised $22M Series A led by Altos Ventures after securing a UAE stored value facility licence

Backed byAltos Ventures, Y Combinator, Fintech Collective, Avenir Growth

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