Fresh Funding Fuels Foz’s Growth
Saudi-based digital marketing platform Foz app has raised $533,000 in a seed funding round completed in late 2024. The company aims to use this funding to strengthen its presence in Saudi Arabia, enhance its technology, and elevate user experience.
Led by founder and CEO Abdullah Al-Shalah, the Foz team is laser-focused on building an advanced prototype and improving user engagement. They also plan to establish strategic partnerships with local and international organizations. In short, ensuring that their innovative offerings meet the needs of a rapidly evolving market.
Innovative Coupon Solutions for Businesses
Foz offers businesses cutting-edge tools like digital coupons that provide discounts of over 50%. It also features a daily auction system designed to attract customers, increase sales, and improve visibility. These cost-effective solutions help businesses achieve their marketing goals without overspending.
By integrating advanced digital tools, Foz is creating a space where businesses can grow efficiently. Along with that, it is offering value-driven incentives to their customers.
Foz app is tapping into Saudi’s booming E-Commerce market
Saudi Arabia’s e-commerce market is one of the fastest-growing in the region. Estimates show that it will reach SAR 10 billion in value soon. In addition, with a staggering 65% growth in 2022, the Kingdom has established itself as a key player in the Middle East’s digital economy.
Currently, around 28.4 million people shop online in Saudi Arabia. Moreover, this number is expected to rise further by 2025. The Kingdom’s shift toward electronic payments has also fueled e-commerce growth, simplifying transactions and widening the market’s scope.
A Bright Future for Foz and its app
With its recent funding, Foz is positioned to capitalize on Saudi Arabia’s thriving digital landscape. Its innovative approach to digital marketing and coupon solutions helps businesses grow. Not just that, it also contributes to the region’s economic progress.
As Foz enhances its technology and builds strategic partnerships, the platform is set to redefine how businesses connect with their customers. This funding round marks a significant step in Foz’s journey to becoming a leader in the digital marketing space.
