geidea

Geidea is a Saudi Arabian startup on a mission to assist merchants in establishing, managing, and expanding their businesses. Since its founding in 2008 by entrepreneur Abdullah Faisal Al-Othman, the company has evolved into a prominent and fully licensed payment service provider, offering digital banking technology, Point-of-Sale (POS) Terminals, and business management solutions to financial institutions and small businesses in retail and digital commerce. Geidea aims to make the latest payments and commerce technology accessible, affordable, and intuitive for everyone. The company's 2-in-1 business solution enables merchants to accept all payment types and provides powerful tools to manage inventory, sales, and online orders from a single app. Headquartered in Riyadh, Saudi Arabia, Geidea has expanded its services to several locations across the GCC, including the United Arab Emirates and Egypt. In May 2018, Geidea received a Private Equity Round investment from Gulf Capital, demonstrating confidence from prominent investors in the company's capabilities and market potential. With over 1,000 employees and serving more than 150,000 merchants, Geidea has achieved significant market presence, with over 700,000 payment terminals and 75% market share across the Kingdom alone. Geidea's inclusive and forward-thinking strategy aligns with its goal of empowering smaller businesses with the latest technology to level the playing field. As a leading payment solutions provider in the region, Geidea is poised for continued growth and influence in the rapidly evolving payments and commerce landscape.