Egyptian Fintech Startup Basata Boosts Stake in Jordan's MadfoatCom to 25%
Basata, an Egyptian fintech startup, has increased its stake in Jordanian company MadfoatCom to 25%, solidifying its commitment to promoting digital financial inclusion in the region and developing digital payment infrastructure in Jordan.
About Basata
Founded in 2009 following the merger of Masary and Bee, Basata (formerly Ebtikar) is an electronic payment platform specializing in bill settlement, mobile money, and supply chain management solutions.
About MadfoatCom
Founded in 2011 by Nasser Saleh, MadfoatCom offers an online and real-time bill payment system.
Strategic Partnership
With this increased stake, Basata reinforces its presence in Jordan and expands its network, while introducing new financial solutions to foster a more inclusive digital economy.
