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14-04-21
Saudi fintech startup Prexle increases USD670K in seed funding
(MENAFN)According to the company announcement, Saudi fintech startup Prexle increased SR2.5 million (USD670, 000) in seed funding from angel investors.
A cloud-based point-of-sale software startup, Prexle’s platform supports retail store owners manage inventories, customer demands, purchasing orders, discounts and generate business performance reports.
“We’re happy to close our round of investment, which is going to surely help us improve the retail industry in the Kingdom through employing the latest technologies in the point-of-sale industry,” stated CEO and co-founder Abdullah Al-Ajlan during a press release.
“We value our investors’ trust. This round marks an important milestone in our journey to change the way retail works, and will allow us to even further develop and improve our product,”declared Yazeed Al-Saif, co-founder and chief technology officer.
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