Kuwait-based fintech startup Krti has successfully closed its pre-seed investment round, raising $1.5 million through Core Vision Investment (KSA) in San Francisco’s Silicon Valley. The investment, under the Financial Academy Financial Technology Investment Programme, marks a significant step in Krti’s preparation to launch its online application in Kuwait and Saudi Arabia.
Krti aims to offer cutting-edge financial technology solutions, with a focus on a unique loyalty program that maximizes the benefits of users’ bank cards. This program will enable customers to get the highest possible rewards and advantages from their cards.
Abdulrahman Al Hammadi, CEO of Krti, highlighted the importance of the investment round, stating: “This is a pivotal step towards achieving our goals of providing innovative technology solutions in the fintech space. We believe Krti’s application will transform the customer experience and empower users to fully utilize their bank cards.”
Faisal Al Abdulsalam, CEO of Core Vision, also expressed his enthusiasm for the partnership, saying, “Our investment in Krti reflects our commitment to supporting startups that provide innovative technical solutions to enhance the consumer experience. We are excited to be part of Krti’s growth and the expansion of its services in the region.”
