Riyadh - Exclusive Sharikat Mubasher:  Waffy, a leading provider of financial escrow solutions based in Saudi Arabia, handles more than 20,000 active financial transactions, showing a robust performance since its official launch earlier this year, CEO Abdulmohsen Alqaud told Sharikat Mubasher.

In an interview held on the sidelines of 24 Fintech, Alqaud unveiled that the Waffy application successfully completed 4,000 transactions.

He clarified that Waffy forged significant partnerships with key entities in the market, offering them innovative payment services that help them reach more customers and gain their trust.

Waffy application also provides a full suite of services for companies working in the law sector, empowering lawyers to manage their transactions seamlessly, the CEO added.

Alqaud noted that the application further enables investors to manage and conclude mergers and investment deals.

Waffy was designed to create a safe and reliable environment for online financial transactions, protecting users' funds and ensuring the smooth and secure completion of transactions.

24 Fintech took place in Riyadh from 3 to 5 September, with the participation of more than 300 exhibitors and over 350 investors. It gathered regulatory bodies, policymakers, investors, technology experts, and industry leaders from around the world.

It served as a platform for global thought leaders across finance, policy, technology, investment, and academia to discuss several topics, including, fintech regulation and governance, artificial intelligence and machine learning in financial operations, financial inclusion, cybersecurity and big data, embedded finance, and more.