Saudi startup Unifonic raises more than $21 million in a Series A round

Saudi communications platform Unifonic raises over $21 million in a Series A round investment led by STV, followed by Riyad TAQNIA Fund, Endeavor Catalyst, ELM, and Raed Ventures. This funding is considered to be the largest ever financing round to be raised by a Saudi startup.

Unifonic is a cloud platform launched in 2008 by the brothers Ahmed & Hassan Hamdan that offers different SMS and voice services through its APIs. With Unifonic, companies can embed their own voice and messaging capabilities into their system or apps use the startups APIs and coding solutions.

According to a statement made by STV, Unifonic’s platform is helping in transforming major industries. ” It gives clients like major banks, airlines, and e-commerce companies the ability to send millions of messages in an instant — allowing them to notify a group of customers of a flight delay, update consumers on an order from their favorite e-commerce store, or even confirm an individual customer bank transaction as a secure and reliable two-factor authentication message,” it mentions.

They add that their investment will help grow and accelerate the platform’s expansion plans in multiple markets and industries, and support further product platform development.

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