T2A first service of Saudi technology services and solutions, announced from Leap25 the acquisition of majority participation in the Saudi starter platform, Moola.
The acquisition will allow T2 to enter the Fintech market and expand its range of services and solutions to offer wider options to its customers inside and beyond Saudi Arabia.
Commenting on the acquisition, a T2 spokesperson said: “Moola provides a complete spending management platform, which will help us develop in the financial services sector and give our customers its capacities. This acquisition is aligned with our expansion strategy to acquire exceptional technological products and provide our partners with more solutions. ”
Founded in 2022 by Wasim Hamoud, Moola allows companies to effectively manage spending and automate financial processes with transparency by providing solutions such as business business cards.
Wasim Hamoud, founder and CEO of Moola, said: “We are delighted to associate ourselves with T2 while we take Moola with new heights. The acquisition will allow us to improve our services, support more companies in optimizing their financial operations and strengthen our position as a business expenditure management platform in Saudi Arabia. »»