Jordan-based fintech startup Solfeh raises $400K Seed funding from Edgo VC

Amman, Jordan-based micro-lending platform Solfeh has raised a seed round led by Edgo VC along with other regional VCs and angel investors....

The Amman, Jordan-based microlending platform Solfeh has reportedly raised $400K in a seed round led by Edgo VC – the venture capital arm of Edgo along with a few other regional angel investors and venture capitalists.

The platform provides same-day emergency cash advancements to salaried employees, in partnership with employers that allow the deduction of the amount in instalments directly from the salaries.

The startup will utilise the funds to expand its product offerings and extend footprints outside Jordan.

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As reported by Magnitt, Solfeh has extended more than 3,000 loans over the past 18 months and has partnered with more than 60 employers to offer its services.

Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know


Image Source: Magnitt


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Wajiha Wahab
Wajiha Wahab

Ex-Journalist at LAFFAZ, Delhiite by birth, Wajiha possesses a keen interest in reading about startups, accumulating information and presenting the same to the audience impressively.

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