RIYADH: Expense management fintech platform NQOODLET has won the the Saudi Arabian heat of the 2022 Visa Everywhere Initiative finals, the global innovation competition for startups and fintech companies.
For claiming the first place, NQOODLET won SR200,000 ($53,000) and will represent Saudi Arabia at the regional finals in the Central Europe, Middle East and Africa which will be held on June 17.
Founded in 2021, NQOODLET provides a digital platform for small and medium enterprises to manage their expenses, purchases, and register bills directly through corporate cards.
The Visa Everywhere Initiative — Launched in 2015 — is a global, open innovation program that tasks start-ups and fintechs to solve payment and commerce challenges to further enhance their own product propositions.
