Riyadh - Exclusive Sharikat Mubasher: Hozma.tech, a Saudi startup specializing in payment services, witnessed 250% to 300% growth during the third quarter (Q3) of 2024, compared to the previous quarter, Founder and CEO Luay Alshawi told Sharikat Mubasher.

In an interview held on the sidelines of Seamless Saudi Arabia 2024, Alshawi said that the company currently serves more than 300 clients and aspires to expand its clientele to 500 by the end of 2024.

Launched in January, Hozma.tech aims to provide scalable payment solutions that help businesses seamlessly manage their financial operations, sales, purchases, and inventory.

Alshawi noted that the company targets covering all regions across the Kingdom during the first year of launch.

Sharing the company’s future plans, the CEO revealed that Hozma.tech sets sight on tapping into Bahrain, Kuwait, and the UAE by 2025.

Further, Alshawi unveiled that the company might investment rounds next year.

Hozma.tech offers all-in-one payment services on one platform, including POS solutions, Hozma Pay, and Hozma ERP (enterprise resource planning), a cloud-based system that enables companies to manage their business seamlessly.

Seamless Saudi Arabia 2024 takes place in Riyadh from 22 to 24 October, bringing together industry leaders, decision-makers, SMEs, startups, and government representatives from around the world.

It provides in-depth discussions covering a wide range of subjects, from digital banking to the integration of technology in retail environments.