Lifestyle startup Glamera receives fintech license from Saudi Payments

By Arya M Nair, Official Reporter
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Glamera gets license from Saudi Payments
Rep.Image (Courtesy: Glamera)

Glamera, the leading beauty and wellness technology company, has obtained the fintech license (SoftPOS) from Saudi Payments, a significant milestone in its growth trajectory.

With this fintech license, the all-in-one lifestyle startup will achieve a significant leap and further establish its position as a game-changing innovator in the beauty and wellness sector. It aims to unlock new horizons of growth and delivers an unparalleled customer experience in the Saudi market.

Glamera Pay will propel the company’s expansion efforts in the Saudi market. It will provide secure and seamless payment transactions, boosting customer confidence and convenience, and delivering even more value to the customers.

Mohamed Hassan_Glamera gets fintech license from Saudi Payments
Mohamed Hassan
CEO – Glamera

“Glamera Pay will empower us to unlock new opportunities and expand our reach, cater to a wider customer base in Saudi Arabia, also opens up for strategic partnerships as Expanding our presence in the Saudi market has always been a strategic priority for Glamera.”

Mr. Omar Fathy, Glamera’s CTO said that “Glamera Pay is a significant leap forward in our journey. The fintech license enables Glamera to expand its presence and provide cutting-edge payment solutions to our valued customers in Saudi Arabia.”

Mr. Fathy further added that “With this milestone, we are excited to leverage our technology expertise to revolutionize the beauty and wellness industry in Saudi Arabia, creating a more convenient and delightful experience for our users.”

Since its launch in 2020 as a tech provider, Glamera has evolved into a strategic partner for its customers, offering multiple services. The company currently serves over 2000 customers in 7 countries and raised its seed round in September 2022 from Techstars, RAI, 100 Ventures, Lucrative Ventures, Oqal and an elite group of angel investors.

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