Jordanian software startup POSRocket has signed a partnership with the leading Saudi payments company Geidea to sell its point-of-sale cashier software to merchants in Saudi, the startup announced in a statement to MENAbytes.
Geidea has over 50,000 merchants in Saudi who are using over 175,000 of its payment terminal to receive payments from customers. With the partnership, POSRocket will now enable seamless integration between the cash register and payments services streamlining the payment process and eliminating discrepancies, said the statement. The partnership gives POSRocket access to all these merchants of Geidea who can opt to use POSRocket’s POS cashier software.
POSRocket, according to the statement, offers core modules for sales processing, inventory management, customer engagement, advanced reporting and addons including call center and a kitchen display system; empowering merchants to manage their business and optimize their costs. It also integrates with third-party services to streamline workflows and help merchants maximize their revenues.
The startup will continue to sell its cashier software and other POS solutions in Saudi directly too. The startup is also opening an office in the Kingdom very soon, its founder and CEO Zeid Husban told MENAbytes. POSRocket currently has offices in Jordan, Egypt, and Kuwait.
Commenting on the partnership, Zeid said, “Over the past few years, Geidea has proven to be the leader in payments and fintech. Their technology and vision are unquestionably harmonious with ours. Through this partnership, we are thrilled to offer an unprecedented point of sale and all-in-one payment solution to revolutionize KSA’s merchant base.”
Laurent Dhaeyer, the General Manager of Geidea Merchant Business, said, “Geidea is perfectly positioned to support the KSA marketplace with the growing number of entrepreneurs and merchants, to be ready for the introduction of the new government mandate and POSRocket is an excellent partner to achieve our goals. Geidea places SME’s at the centre of our product and solution offerings and the partnership with POSRocket will further empower them to drive and develop their businesses.”
Having raised over $2 million to date, POSRocket is Arzan VC, Propeller, Jabbar Internet Group, KISP Ventures, Algebra Ventures, and Hala Ventures.